Stock Repurchase Program Approved by A2Z Cust2Mate Solutions (NASDAQ:AZ) Board of Directors

A2Z Cust2Mate Solutions (NASDAQ:AZ) declared that its board has authorized a stock repurchase plan on Friday, March 27th, RTT News reports. The company plans to repurchase $20.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ opened at $6.59 on Friday. The firm has a market cap of $275.79 million, a P/E ratio of -5.88 and a beta of 1.43. A2Z Cust2Mate Solutions has a 52 week low of $5.00 and a 52 week high of $12.36. The firm’s 50-day simple moving average is $6.12 and its 200 day simple moving average is $6.62.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. Northland Securities initiated coverage on shares of A2Z Cust2Mate Solutions in a research note on Friday. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.

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.