Gauzy (NASDAQ:GAUZ) Trading Down 5.1% – Here’s Why

Shares of Gauzy (NASDAQ:GAUZ) were down 5.1% on Thursday . The stock traded as low as $10.00 and last traded at $10.58. Approximately 51,178 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 54,549 shares. The stock had previously closed at $11.15.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GAUZ shares. Barclays reduced their price objective on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. TD Cowen cut their price objective on Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, B. Riley dropped their target price on Gauzy from $15.50 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Gauzy Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $9.98 and a 200 day moving average of $9.61.

Institutional Investors Weigh In On Gauzy

Several hedge funds have recently modified their holdings of GAUZ. Millennium Management LLC bought a new stake in shares of Gauzy in the second quarter valued at approximately $2,824,000. Stifel Financial Corp raised its stake in Gauzy by 320.9% during the third quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock worth $989,000 after acquiring an additional 85,198 shares in the last quarter. Finally, WR Wealth Planners LLC raised its stake in Gauzy by 200.0% during the fourth quarter. WR Wealth Planners LLC now owns 3,000 shares of the company’s stock worth $30,000 after acquiring an additional 2,000 shares in the last quarter.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.