ICZOOM Group (NASDAQ:IZM) Trading Down 2.7% – Time to Sell?

ICZOOM Group Inc. (NASDAQ:IZM) dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $0.93 and last traded at $0.9340. Approximately 14,936 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 35,879 shares. The stock had previously closed at $0.96.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ICZOOM Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ICZOOM Group Trading Down 2.7%

The firm’s 50-day moving average price is $1.52 and its 200-day moving average price is $1.77.

ICZOOM Group (NASDAQ:IZM) last issued its quarterly earnings data on Friday, October 24th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $48.35 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of ICZOOM Group in the 4th quarter worth about $45,000. XTX Topco Ltd purchased a new stake in ICZOOM Group in the 4th quarter worth about $48,000. Finally, Susquehanna International Group LLP bought a new stake in ICZOOM Group in the third quarter worth about $57,000. Institutional investors own 34.25% of the company’s stock.

ICZOOM Group Company Profile

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.