ParaZero Technologies (NASDAQ:PRZO) Trading 15.1% Higher – Still a Buy?

ParaZero Technologies Ltd. (NASDAQ:PRZO)’s stock price was up 15.1% during trading on Monday . The stock traded as high as $2.51 and last traded at $2.13. Approximately 62,861,220 shares were traded during mid-day trading, an increase of 1,008% from the average daily volume of 5,674,330 shares. The stock had previously closed at $1.85.

ParaZero Technologies Trading Up 15.1 %

The business’s 50-day moving average price is $1.51 and its 200 day moving average price is $0.93.

Institutional Trading of ParaZero Technologies

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC bought a new stake in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.71% of ParaZero Technologies at the end of the most recent reporting period. 1.44% of the stock is currently owned by hedge funds and other institutional investors.

ParaZero Technologies Company Profile

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.