Wall Street Zen Downgrades A2Z Cust2Mate Solutions (NASDAQ:AZ) to Strong Sell

Key Points

• A2Z Cust2Mate Solutions (NASDAQ:AZ) has been downgraded from a "hold" to a "strong sell" rating by Wall Street Zen.
• Weiss Ratings also reiterated a "sell (d-)" rating on the company's shares as of August 1st.
• The company reported a significant loss with a negative net margin of 479.28% and earnings per share of ($0.31) in its last quarterly results.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "strong sell" rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, A2Z Cust2Mate Solutions presently has a consensus rating of "Buy" and an average price target of $20.00.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ stock traded down $0.31 during mid-day trading on Friday, hitting $8.91. 81,877 shares of the stock traded hands, compared to its average volume of 170,353. A2Z Cust2Mate Solutions has a twelve month low of $1.38 and a twelve month high of $12.36. The firm has a market cap of $263.65 million, a price-to-earnings ratio of -7.43 and a beta of 1.45. The company's 50-day simple moving average is $10.19 and its 200-day simple moving average is $8.52.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.31) earnings per share (EPS) for the quarter. A2Z Cust2Mate Solutions had a negative net margin of 479.28% and a negative return on equity of 187.41%. The firm had revenue of $1.16 million for the quarter.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

Several hedge funds have recently added to or reduced their stakes in AZ. Alyeska Investment Group L.P. purchased a new stake in A2Z Cust2Mate Solutions in the 1st quarter valued at about $8,514,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the first quarter worth $2,242,000. Fortitude Advisory Group L.L.C. increased its stake in shares of A2Z Cust2Mate Solutions by 151.4% in the second quarter. Fortitude Advisory Group L.L.C. now owns 301,680 shares of the company's stock worth $3,189,000 after acquiring an additional 181,680 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new stake in A2Z Cust2Mate Solutions during the fourth quarter worth $1,986,000. Finally, IHT Wealth Management LLC purchased a new position in A2Z Cust2Mate Solutions during the fourth quarter valued at $1,156,000. 12.64% of the stock is currently owned by institutional investors.

About A2Z Cust2Mate Solutions

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.