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

Gauzy Ltd. (NASDAQ:GAUZ) dropped 0.8% on Tuesday . The company traded as low as $0.5967 and last traded at $0.5978. Approximately 41,324 shares were traded during 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 reissued a “sell (e+)” rating on shares of Gauzy in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Gauzy Price Performance

The stock has a 50 day simple moving average of $0.69 and a two-hundred day simple moving average of $0.90. The company has a market cap of $12.08 million, a price-to-earnings ratio of -0.31 and a beta of -0.85.

Hedge Funds Weigh In On Gauzy

Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Gauzy in the 4th quarter valued at $34,000. HRT Financial LP acquired a new position in shares of Gauzy in the 4th quarter valued at $39,000. Virtu Financial LLC acquired a new position in shares of Gauzy in the 4th quarter valued at $80,000. Prospera Financial Services Inc acquired a new position in shares of Gauzy in the 3rd quarter valued at $103,000. Finally, Kingsview Wealth Management LLC lifted its stake 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 last quarter.

About Gauzy

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.