A2Z Cust2Mate Solutions (AZ) to Release Earnings on Wednesday

A2Z Cust2Mate Solutions (NASDAQ:AZ) is anticipated to release its resultson Wednesday, April 1st. Analysts expect A2Z Cust2Mate Solutions to post earnings of ($0.10) per share and revenue of $4.6280 million for the quarter.

A2Z Cust2Mate Solutions Stock Up 1.2%

A2Z Cust2Mate Solutions stock opened at $6.56 on Wednesday. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36. The firm has a market cap of $274.54 million, a PE ratio of -5.86 and a beta of 1.43. The company’s 50 day moving average is $6.16 and its two-hundred day moving average is $6.63.

A2Z Cust2Mate Solutions declared that its Board of Directors has approved a share buyback program on Wednesday, January 7th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AZ shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Benchmark reissued a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.00.

Institutional Trading of A2Z Cust2Mate Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its stake in A2Z Cust2Mate Solutions by 9.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock worth $484,000 after buying an additional 5,148 shares during the last quarter. Geode Capital Management LLC lifted its stake in A2Z Cust2Mate Solutions by 113.3% in the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock valued at $226,000 after buying an additional 11,342 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in A2Z Cust2Mate Solutions in the second quarter valued at approximately $146,000. NewEdge Advisors LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $148,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $178,000. 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. 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.