A2Z Cust2Mate Solutions (NASDAQ:AZ) Shares Break Above 200-Day Moving Average – What’s Next?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $6.30 and traded as high as $6.63. A2Z Cust2Mate Solutions shares last traded at $6.4590, with a volume of 489,608 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, A2Z Cust2Mate Solutions presently has an average rating of “Hold” and a consensus price target of $15.00.

Get Our Latest Stock Analysis on A2Z Cust2Mate Solutions

A2Z Cust2Mate Solutions Trading Up 5.9%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.56 and a current ratio of 7.52. The stock’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $6.29.

A2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. The business had revenue of $5.90 million for the quarter, compared to the consensus estimate of $3.54 million. A2Z Cust2Mate Solutions had a negative return on equity of 49.91% and a negative net margin of 241.67%. Research analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. T3 Companies LLC lifted its holdings in A2Z Cust2Mate Solutions by 5.5% in the third quarter. T3 Companies LLC now owns 352,427 shares of the company’s stock valued at $2,026,000 after acquiring an additional 18,500 shares during the period. Mountain Hill Investment Partners Corp. boosted its holdings in A2Z Cust2Mate Solutions by 8.4% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 452,738 shares of the company’s stock worth $2,603,000 after buying an additional 35,000 shares during the last quarter. Curated Wealth Partners LLC purchased a new position in A2Z Cust2Mate Solutions in the 3rd quarter valued at $287,000. Persistent Asset Partners Ltd acquired a new position in A2Z Cust2Mate Solutions during the second quarter worth about $331,000. Finally, Bank of America Corp DE acquired a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $359,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

About A2Z Cust2Mate Solutions

(Get Free Report)

A2Z Cust2Mate Solutions Corp. is a technology company focused on transforming the in-store grocery shopping experience through smart shopping carts and retail technology. The company develops the Cust2Mate platform, which combines a shopping cart, touchscreen interface and software designed to support customer engagement and checkout activities.

Cust2Mate’s solutions are intended to help grocery retailers provide services such as product discovery, in-store navigation, digital promotions, personalized offers and self-checkout.

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