A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Breaks Above 200-Day Moving Average – Should You Sell?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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

A number of equities research analysts recently weighed in on AZ shares. Weiss Ratings restated 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 report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, A2Z Cust2Mate Solutions currently has a consensus rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Trading Up 2.9%

The company has a current ratio of 7.52, a quick ratio of 6.56 and a debt-to-equity ratio of 0.02. The firm has a market cap of $287.68 million, a price-to-earnings ratio of -7.78 and a beta of 1.16. The company has a fifty day moving average price of $5.93 and a 200-day moving average price of $6.30.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.54 million. As a group, research analysts expect that A2Z Cust2Mate Solutions Corp. will post -0.45 EPS for the current year.

Institutional Trading of A2Z Cust2Mate Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Luxor Capital Group LP purchased a new position in A2Z Cust2Mate Solutions in the 1st quarter worth approximately $19,212,000. J. Goldman & Co LP acquired a new stake in shares of A2Z Cust2Mate Solutions in the 2nd quarter worth $3,774,000. Cable Car Capital LP purchased a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $3,492,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at about $3,183,000. Finally, Weybosset Research & Management LLC increased its position in A2Z Cust2Mate Solutions by 8.7% during the third quarter. Weybosset Research & Management LLC now owns 1,990,949 shares of the company’s stock worth $11,448,000 after purchasing an additional 160,075 shares during the last quarter. Hedge funds and other institutional investors own 12.64% of the company’s stock.

About A2Z Cust2Mate Solutions

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.