A2Z Cust2Mate Solutions (NASDAQ:AZ) Authorizes Share Buyback Plan

A2Z Cust2Mate Solutions (NASDAQ:AZ) declared that its board has initiated a share buyback program on Friday, March 27th, RTT News reports. The company plans to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on AZ. Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Wednesday, January 21st. Finally, Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a report on Friday. They issued an “outperform” rating and a $15.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, A2Z Cust2Mate Solutions currently has a consensus rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of AZ stock traded down $0.05 during mid-day trading on Friday, hitting $6.59. The stock had a trading volume of 299,667 shares, compared to its average volume of 378,512. The firm has a market cap of $275.79 million, a PE ratio of -5.88 and a beta of 1.43. The company’s 50-day simple moving average is $6.12 and its 200-day simple moving average is $6.63. A2Z Cust2Mate Solutions has a fifty-two week low of $5.00 and a fifty-two week high of $12.36.

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. 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.