Autozi Internet Technology (Global) (NASDAQ:AZI) Trading Down 9.9% – Here’s Why

Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI)’s share price dropped 9.9% during mid-day trading on Friday . The company traded as low as $1.62 and last traded at $1.68. Approximately 906,487 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 37,977,492 shares. The stock had previously closed at $1.8650.

Analyst Ratings Changes

Several equities analysts have recently commented on AZI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a research note on Wednesday, October 8th. Wall Street Zen raised Autozi Internet Technology (Global) to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Autozi Internet Technology (Global) Price Performance

The company’s 50-day moving average price is $5.41 and its 200 day moving average price is $10.44.

About Autozi Internet Technology (Global)

Autozi Internet Technology (Global) Ltd., through its subsidiaries, provides professional one-stop automotive products and services through online and offline channels in the People’s Republic of China. It sells new cars, and auto parts and accessories, as well as offers automotive insurance related services.