Autozi Internet Technology (Global) (NASDAQ:AZI) Stock Price Down 2.8% – Here’s Why

Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) shares traded down 2.8% during trading on Wednesday. The company traded as low as $1.05 and last traded at $1.05. 32,238 shares were traded during mid-day trading, a decline of 37% from the average session volume of 51,101 shares. The stock had previously closed at $1.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a research report on Thursday. Wall Street Zen downgraded Autozi Internet Technology (Global) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Autozi Internet Technology (Global) Price Performance

The stock’s 50 day moving average is $1.24 and its 200-day moving average is $1.39.

About Autozi Internet Technology (Global)

Autozi Internet Technology (Global) Limited is an automotive technology and services company that operates primarily in China. Through its Autozi platform, the company connects participants across the automotive aftermarket and provides products and services intended to support vehicle owners, repair shops, suppliers and other industry partners.

The company’s activities include the distribution of automotive parts and supplies, as well as vehicle maintenance and repair-related services.