Gauzy (NASDAQ:GAUZ) Stock Price Up 5.9% - Here's Why

Gauzy Ltd. (NASDAQ:GAUZ - Get Free Report) shares traded up 5.9% on Tuesday . The company traded as high as $6.40 and last traded at $6.33. 46,656 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 44,611 shares. The stock had previously closed at $5.98.

Analysts Set New Price Targets

Separately, Barclays dropped their target price on shares of Gauzy from $13.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Gauzy Stock Up 5.9%

The company has a market capitalization of $120.59 million, a PE ratio of -3.09 and a beta of -0.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.41 and a current ratio of 0.66. The stock's 50 day moving average is $5.98 and its 200 day moving average is $7.65.

Institutional Trading of Gauzy

A number of institutional investors have recently modified their holdings of GAUZ. Signaturefd LLC bought a new stake in Gauzy during the 1st quarter worth approximately $28,000. Kingsview Wealth Management LLC increased its holdings in Gauzy by 42.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 14,565 shares of the company's stock worth $123,000 after acquiring an additional 4,345 shares during the period. Kodai Capital Management LP increased its holdings in Gauzy by 11.2% during the 1st quarter. Kodai Capital Management LP now owns 44,473 shares of the company's stock worth $356,000 after acquiring an additional 4,473 shares during the period. Connors Investor Services Inc. increased its holdings in Gauzy by 45.5% during the 2nd quarter. Connors Investor Services Inc. now owns 16,000 shares of the company's stock worth $135,000 after acquiring an additional 5,000 shares during the period. Finally, SouthState Corp bought a new stake in Gauzy during the 1st quarter worth approximately $56,000.

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.

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