A2Z Cust2Mate Solutions (NASDAQ:AZ) Posts Earnings Results

A2Z Cust2Mate Solutions (NASDAQ:AZ) released its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, Zacks reports. A2Z Cust2Mate Solutions had a negative net margin of 479.28% and a negative return on equity of 187.41%.

A2Z Cust2Mate Solutions Stock Up 1.2%

Shares of NASDAQ:AZ traded up $0.07 during trading on Friday, hitting $5.27. The stock had a trading volume of 133,438 shares, compared to its average volume of 231,342. A2Z Cust2Mate Solutions has a 12-month low of $5.02 and a 12-month high of $12.36. The stock has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $8.76. The stock has a market capitalization of $220.33 million, a price-to-earnings ratio of -4.38 and a beta of 1.37.

Institutional Trading of A2Z Cust2Mate Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of A2Z Cust2Mate Solutions by 113.3% during the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock worth $226,000 after purchasing an additional 11,342 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in A2Z Cust2Mate Solutions during the second quarter worth $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions in the second quarter valued at about $148,000. Marshall Wace LLP purchased a new stake in A2Z Cust2Mate Solutions in the second quarter valued at approximately $412,000. Finally, Cresset Asset Management LLC acquired a new position in A2Z Cust2Mate Solutions during the 3rd quarter worth about $444,000. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZ has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of A2Z Cust2Mate Solutions from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

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.