A2Z Cust2Mate Solutions (NASDAQ:AZ) Board of Directors Announces Stock Buyback Plan

A2Z Cust2Mate Solutions (NASDAQ:AZ) declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 7th, RTT News reports. The company plans to repurchase $20.00 million in shares. This repurchase authorization permits the company to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

A2Z Cust2Mate Solutions Stock Performance

Shares of NASDAQ AZ opened at $7.68 on Friday. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36. The business has a fifty day moving average of $6.23 and a two-hundred day moving average of $8.03. The stock has a market cap of $321.41 million, a PE ratio of -6.86 and a beta of 1.39.

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

Analysts Set New Price Targets

Several brokerages have issued reports on AZ. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

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. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.