A2Z Cust2Mate Solutions (NASDAQ:AZ) Trading Down 2.9% – Should You Sell?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)’s stock price fell 2.9% during mid-day trading on Wednesday . The company traded as low as $5.31 and last traded at $5.43. 1,409,684 shares were traded during mid-day trading, an increase of 199% from the average session volume of 471,657 shares. The stock had previously closed at $5.59.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, A2Z Cust2Mate Solutions has an average rating of “Hold” and an average price target of $20.00.

A2Z Cust2Mate Solutions Price Performance

The firm has a market capitalization of $227.25 million, a price-to-earnings ratio of -4.85 and a beta of 1.38. The business’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $8.34.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. A2Z Cust2Mate Solutions had a negative return on equity of 86.58% and a negative net margin of 488.70%.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Hedge funds have recently added to or reduced their stakes in the company. Corsair Capital Management L.P. acquired a new position in shares of A2Z Cust2Mate Solutions during the first quarter worth approximately $157,000. Alyeska Investment Group L.P. acquired a new stake in A2Z Cust2Mate Solutions in the 1st quarter valued at $8,514,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in A2Z Cust2Mate Solutions during the 1st quarter valued at $2,242,000. Weybosset Research & Management LLC acquired a new position in A2Z Cust2Mate Solutions during the second quarter worth $280,000. Finally, Fortitude Advisory Group L.L.C. raised its holdings in A2Z Cust2Mate Solutions by 151.4% during the second quarter. Fortitude Advisory Group L.L.C. now owns 301,680 shares of the company’s stock worth $3,189,000 after buying an additional 181,680 shares during the last quarter. Institutional investors and hedge funds own 12.64% of the company’s stock.

About A2Z Cust2Mate Solutions

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.