ZOOZ Power (NASDAQ:ZOOZ) Cut to Strong Sell at Wall Street Zen

ZOOZ Power (NASDAQ:ZOOZ) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Friday.

Separately, Maxim Group cut shares of ZOOZ Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ZOOZ Power presently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

ZOOZ Power Price Performance

ZOOZ Power stock opened at $2.36 on Friday. The company’s 50 day moving average price is $1.69 and its two-hundred day moving average price is $1.54. ZOOZ Power has a 52 week low of $0.73 and a 52 week high of $4.38.

Institutional Trading of ZOOZ Power

A hedge fund recently bought a new stake in ZOOZ Power stock. Jane Street Group LLC purchased a new stake in ZOOZ Power Ltd. (NASDAQ:ZOOZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power as of its most recent filing with the SEC. Institutional investors and hedge funds own 38.06% of the company’s stock.

ZOOZ Power Company Profile

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited.