Azenta (NASDAQ:AZTA) Sets New 1-Year Low - Should You Sell?

Shares of Azenta, Inc. (NASDAQ:AZTA - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $24.06 and last traded at $25.03, with a volume of 1062489 shares. The stock had previously closed at $25.25.

Analysts Set New Price Targets

AZTA has been the subject of several research reports. Stephens restated an "overweight" rating and issued a $60.00 price objective on shares of Azenta in a research report on Thursday, January 2nd. TD Cowen upgraded shares of Azenta to a "hold" rating in a research report on Thursday, February 27th. Evercore ISI raised their price target on Azenta from $50.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC raised their target price on Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, February 6th.

Azenta Stock Down 1.5 %

The stock has a fifty day moving average of $35.03 and a 200-day moving average of $43.26. The firm has a market capitalization of $1.22 billion, a P/E ratio of -8.97 and a beta of 1.66.

Azenta (NASDAQ:AZTA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Sell-side analysts predict that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Azenta during the 3rd quarter worth approximately $352,000. Nordea Investment Management AB increased its stake in shares of Azenta by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 84,804 shares of the company's stock worth $4,326,000 after purchasing an additional 4,606 shares during the last quarter. Oak Thistle LLC acquired a new stake in Azenta in the 4th quarter valued at about $927,000. Assenagon Asset Management S.A. acquired a new position in Azenta during the fourth quarter worth approximately $200,000. Finally, Ballentine Partners LLC raised its stake in Azenta by 2.0% in the fourth quarter. Ballentine Partners LLC now owns 20,340 shares of the company's stock valued at $1,017,000 after buying an additional 404 shares during the period. 99.08% of the stock is owned by institutional investors and hedge funds.

Azenta Company Profile

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.