A2Z Cust2Mate Solutions (NASDAQ:AZ) Shares Break Above 50-Day Moving Average – Should You Sell?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.04 and traded as high as $6.34. A2Z Cust2Mate Solutions shares last traded at $6.27, with a volume of 289,114 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Thursday, October 15th. 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. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Trading Up 0.8%

The company has a quick ratio of 6.56, a current ratio of 7.52 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $5.99 and its 200-day moving average price is $6.33.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative return on equity of 49.91% and a negative net margin of 241.67%. The firm had revenue of $5.90 million for the quarter, compared to the consensus estimate of $3.54 million. As a group, equities analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.52 earnings per share for the current year.

A2Z Cust2Mate Solutions declared that its board has authorized a share repurchase program on Monday, July 6th that allows the company to buy back $20 million in shares. This buyback authorization allows the company to repurchase up to 7.2% of its stock through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

A number of large investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP acquired a new position in A2Z Cust2Mate Solutions in the 1st quarter valued at about $19,212,000. Weybosset Research & Management LLC raised its holdings in A2Z Cust2Mate Solutions by 8.7% in the 3rd quarter. Weybosset Research & Management LLC now owns 1,990,949 shares of the company’s stock valued at $11,448,000 after acquiring an additional 160,075 shares during the period. Private Advisor Group LLC lifted its position in A2Z Cust2Mate Solutions by 12.7% during the first quarter. Private Advisor Group LLC now owns 971,946 shares of the company’s stock worth $6,483,000 after acquiring an additional 109,181 shares during the last quarter. J. Goldman & Co LP acquired a new stake in A2Z Cust2Mate Solutions during the second quarter worth approximately $3,774,000. Finally, Cable Car Capital LP acquired a new stake in A2Z Cust2Mate Solutions during the second quarter worth approximately $3,492,000. Institutional investors own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Company Profile

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.