Autozi Internet Technology (Global) (NASDAQ:AZI) Stock Price Down 10.9% – Here’s What Happened

Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) shares were down 10.9% during mid-day trading on Thursday. The company traded as low as $0.6307 and last traded at $0.6451. 43,835 shares were traded during trading, an increase of 10% from the average daily volume of 39,800 shares. The stock had previously closed at $0.7243.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a research note on Thursday, October 15th. Wall Street Zen cut Autozi Internet Technology (Global) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Autozi Internet Technology (Global) Stock Down 2.7%

The company’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $3.27.

Autozi Internet Technology (Global) Company Profile

Autozi Internet Technology (Global) Ltd. is a China-based automotive products and services company that operates an online and offline platform serving participants in the automobile aftermarket. The company focuses on connecting automotive parts and service providers with repair shops, distributors and other business customers.

Its offerings include automotive replacement parts and maintenance products, such as tires, lubricants, batteries, filters and brake-related components. Autozi also provides related vehicle repair and maintenance services and technology-enabled tools intended to support the procurement, management and operation of automotive service businesses.

The company’s operations are primarily focused on China’s automotive aftermarket.