Gauzy (NASDAQ:GAUZ) Shares Down 2.5% – Here’s Why

Gauzy Ltd. (NASDAQ:GAUZ) shares traded down 2.5% on Tuesday . The company traded as low as $0.37 and last traded at $0.3706. 138,196 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 91,524 shares. The stock had previously closed at $0.3801.

Analyst Ratings Changes

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

Gauzy Stock Performance

The stock has a market cap of $7.21 million, a P/E ratio of -0.19 and a beta of -0.64. The stock’s fifty day moving average is $0.59 and its 200 day moving average is $0.73.

Institutional Investors Weigh In On Gauzy

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in Gauzy during the 4th quarter valued at $34,000. HRT Financial LP purchased a new position in Gauzy during the fourth quarter worth $39,000. Virtu Financial LLC purchased a new position in Gauzy during the fourth quarter worth $80,000. Finally, Bank of America Corp DE bought a new position in Gauzy during the second quarter valued at $174,000.

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.