A2Z Cust2Mate Solutions (NASDAQ:AZ) Rating Lowered to “Strong Sell” at Zacks Research

A2Z Cust2Mate Solutions (NASDAQ:AZ) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on AZ. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, April 20th. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a report on Friday, March 27th. They set an “outperform” rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, A2Z Cust2Mate Solutions has an average rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ stock opened at $5.54 on Monday. A2Z Cust2Mate Solutions has a one year low of $4.97 and a one year high of $11.90. The company has a 50 day moving average price of $6.18 and a 200 day moving average price of $6.55. The firm has a market capitalization of $246.75 million, a price-to-earnings ratio of -5.43 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. The company had revenue of $3.32 million during the quarter, compared to analyst estimates of $3.06 million. As a group, equities analysts forecast that A2Z Cust2Mate Solutions will post -0.51 EPS for the current fiscal year.

A2Z Cust2Mate Solutions declared that its board has approved a stock repurchase plan on Friday, March 27th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes 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 board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Red Door Wealth Management LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the fourth quarter valued at about $91,000. Osaic Holdings Inc. acquired a new position in A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $148,000. Squarepoint Ops LLC purchased a new position in A2Z Cust2Mate Solutions in the 4th quarter worth approximately $178,000. Finally, Woodward Diversified Capital LLC purchased a new position in A2Z Cust2Mate Solutions in the 4th quarter worth approximately $192,000. 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.