Azenta (NASDAQ:AZTA) Reaches New 52-Week Low - Should You Sell?

Shares of Azenta, Inc. (NASDAQ:AZTA - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $31.82 and last traded at $32.33, with a volume of 55500 shares trading hands. The stock had previously closed at $35.41.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stephens restated an "overweight" rating and set a $60.00 target price on shares of Azenta in a research note on Thursday, January 2nd. Evercore ISI increased their target price on Azenta from $50.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th. Needham & Company LLC boosted their price target on Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th.

Azenta Stock Performance

The firm has a market cap of $1.29 billion, a P/E ratio of -9.45 and a beta of 1.66. The firm's fifty day simple moving average is $42.50 and its 200 day simple moving average is $45.58.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. On average, equities research analysts predict that Azenta, Inc. will post 0.53 earnings per share for the current year.

Remove Ads

Hedge Funds Weigh In On Azenta

Institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management lifted its holdings in shares of Azenta by 305.7% in the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after acquiring an additional 532 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Azenta during the fourth quarter valued at approximately $40,000. Covestor Ltd lifted its stake in shares of Azenta by 64.2% in the 4th quarter. Covestor Ltd now owns 2,043 shares of the company's stock valued at $102,000 after purchasing an additional 799 shares during the last quarter. KBC Group NV boosted its holdings in shares of Azenta by 48.5% in the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after purchasing an additional 698 shares during the period. Finally, Quarry LP bought a new position in shares of Azenta during the 4th quarter valued at approximately $110,000. Institutional investors own 99.08% of the company's stock.

About Azenta

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.