ParaZero Technologies (NASDAQ:PRZO) Shares Down 4.4% – Should You Sell?

ParaZero Technologies Ltd. (NASDAQ:PRZO)’s share price dropped 4.4% during trading on Tuesday . The stock traded as low as $1.28 and last traded at $1.29. Approximately 452,121 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 472,998 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded ParaZero Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ParaZero Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

ParaZero Technologies Trading Down 4.4%

The firm’s 50-day moving average is $1.48 and its two-hundred day moving average is $1.42.

Institutional Investors Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC bought a new stake in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,864 shares of the company’s stock, valued at approximately $37,000. Virtu Financial LLC owned approximately 0.82% of ParaZero Technologies at the end of the most recent reporting period. 1.44% of the stock is owned by institutional investors and hedge funds.

About ParaZero Technologies

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.