ParaZero Technologies (NASDAQ:PRZO) Trading Down 6.3% – Should You Sell?

ParaZero Technologies Ltd. (NASDAQ:PRZO) was down 6.3% on Tuesday . The stock traded as low as $1.45 and last traded at $1.50. Approximately 1,218,282 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 3,520,016 shares. The stock had previously closed at $1.60.

ParaZero Technologies Stock Down 6.3 %

The business has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $1.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC purchased a new stake in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.71% of ParaZero Technologies at the end of the most recent quarter. 1.44% of the stock is owned by 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.