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

Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI)’s stock price was down 10.9% during trading on Thursday. The stock traded as low as $0.6307 and last traded at $0.6451. 43,835 shares changed hands 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 analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Autozi Internet Technology (Global) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Autozi Internet Technology (Global) Stock Performance

The firm’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $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.