ParaZero Technologies (NASDAQ:PRZO) Trading Up 15.1% – Time to Buy?

Shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) shot up 15.1% on Monday . The company traded as high as $2.51 and last traded at $2.13. 62,861,220 shares changed hands during trading, an increase of 1,008% from the average session volume of 5,674,330 shares. The stock had previously closed at $1.85.

ParaZero Technologies Stock Down 1.0 %

The company’s fifty day moving average is $1.57 and its two-hundred day moving average is $0.95.

Hedge Funds Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC acquired a new stake in ParaZero Technologies Ltd. (NASDAQ:PRZO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. Institutional investors and hedge funds own 1.44% of the company’s stock.

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.