Gauzy (NASDAQ:GAUZ) Stock Price Down 0.8% – Here’s What Happened

Gauzy Ltd. (NASDAQ:GAUZ)’s share price was down 0.8% on Tuesday . The company traded as low as $0.5967 and last traded at $0.5978. Approximately 41,324 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 168,819 shares. The stock had previously closed at $0.6025.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gauzy in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

Gauzy Stock Down 0.8%

The stock has a market cap of $11.20 million, a price-to-earnings ratio of -0.29 and a beta of -0.85. The stock’s fifty day moving average is $0.69 and its 200-day moving average is $0.92.

Institutional Investors Weigh In On Gauzy

Several large investors have recently modified their holdings of GAUZ. Kingsview Wealth Management LLC grew its position in shares of Gauzy by 39.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 20,265 shares of the company’s stock valued at $128,000 after purchasing an additional 5,700 shares during the period. Bank of America Corp DE bought a new position in Gauzy in the second quarter valued at approximately $174,000. Virtu Financial LLC bought a new position in Gauzy in the fourth quarter valued at approximately $80,000. HRT Financial LP acquired a new position in shares of Gauzy in the fourth quarter valued at approximately $39,000. Finally, Jane Street Group LLC bought a new stake in shares of Gauzy during the fourth quarter worth $34,000.

Gauzy Company Profile

Gauzy Ltd. is a technology company specializing in smart glass and light-control solutions based on Suspended Particle Device (SPD) technology. The company develops and manufactures switchable glass and film products that can dynamically modulate light transmission, offering privacy, glare reduction and energy-saving benefits for a range of end markets.

Gauzy’s product portfolio includes SPD-Smart™ glass panels, retrofit SPD film and integrated skylight systems. These solutions are designed for architectural applications such as office partitions, conference rooms and façades, as well as for transportation markets including automotive, aviation and rail interiors.