ICZOOM Group (NASDAQ:IZM) Shares Down 6.3% – Here’s What Happened

ICZOOM Group Inc. (NASDAQ:IZM)’s share price was down 6.3% during trading on Monday . The company traded as low as $1.1615 and last traded at $1.18. 36,977 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 42,626 shares. The stock had previously closed at $1.26.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ICZOOM Group in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

ICZOOM Group Stock Performance

The firm’s 50 day moving average is $1.27 and its 200 day moving average is $1.85.

ICZOOM Group Company Profile

ICZOOM Group Limited operates a business-to-business e-commerce platform that connects suppliers of electronic components with small and medium-sized manufacturing companies. The company provides an online procurement channel designed to help business customers source components and related products from multiple suppliers.

Products available through the platform include integrated circuits, semiconductors, capacitors, resistors, connectors, sensors, modules and other electronic parts and components.