A2Z Cust2Mate Solutions (NASDAQ:AZ) Trading 1% Higher – Should You Buy?

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

Analyst Upgrades and Downgrades

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

A2Z Cust2Mate Solutions Stock Up 1.0%

The business’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.57. The company has a market capitalization of $260.73 million, a PE ratio of -5.56 and a beta of 1.39.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (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 announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

Several hedge funds and other institutional investors have recently modified their holdings of AZ. Mountain Hill Investment Partners Corp. raised its position in A2Z Cust2Mate Solutions by 78.7% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 246,119 shares of the company’s stock valued at $1,602,000 after buying an additional 108,400 shares during the period. Red Door Wealth Management LLC acquired a new stake in A2Z Cust2Mate Solutions during the 4th quarter worth about $91,000. Woodward Diversified Capital LLC purchased a new position in A2Z Cust2Mate Solutions during the 4th quarter valued at about $192,000. Weybosset Research & Management LLC increased its holdings in shares of A2Z Cust2Mate Solutions by 99.5% in the 4th quarter. Weybosset Research & Management LLC now owns 898,780 shares of the company’s stock valued at $5,851,000 after purchasing an additional 448,326 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of A2Z Cust2Mate Solutions in the 3rd quarter valued at about $2,490,000. 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.