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

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AZI shares. Wall Street Zen cut Autozi Internet Technology (Global) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Autozi Internet Technology (Global) currently has a consensus rating of “Sell”.

Autozi Internet Technology (Global) Trading Down 10.9%

The firm has a 50-day moving average of $1.09 and a 200-day moving average of $3.41.

About Autozi Internet Technology (Global)

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.