A2Z Cust2Mate Solutions (NASDAQ:AZ) Trading Up 1% – Here’s What Happened

Shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) were up 1% during trading on Wednesday . The stock traded as high as $6.37 and last traded at $6.23. Approximately 778,296 shares were traded during trading, an increase of 59% from the average daily volume of 488,253 shares. The stock had previously closed at $6.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AZ shares. Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

A2Z Cust2Mate Solutions Stock Up 1.0%

The business has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $7.57. The company has a market cap of $260.73 million, a price-to-earnings ratio of -5.56 and a beta of 1.39.

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

A2Z Cust2Mate Solutions declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 7th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

A number of institutional investors and hedge funds have recently modified their holdings of AZ. Mountain Hill Investment Partners Corp. boosted its holdings in shares of A2Z Cust2Mate Solutions by 78.7% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 246,119 shares of the company’s stock worth $1,602,000 after buying an additional 108,400 shares during the period. Red Door Wealth Management LLC bought a new position in A2Z Cust2Mate Solutions in the 4th quarter worth $91,000. Woodward Diversified Capital LLC acquired a new position in A2Z Cust2Mate Solutions during the 4th quarter worth $192,000. Weybosset Research & Management LLC boosted its holdings in A2Z Cust2Mate Solutions by 99.5% during the fourth quarter. Weybosset Research & Management LLC now owns 898,780 shares of the company’s stock valued at $5,851,000 after acquiring an additional 448,326 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in A2Z Cust2Mate Solutions during the third quarter valued at about $2,490,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Company Profile

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.