A2Z Cust2Mate Solutions (NASDAQ:AZ) Downgraded by Wall Street Zen 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 Wall Street Zen from a "hold" rating to a "strong sell" rating in a research note issued on Saturday.

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

A2Z Cust2Mate Solutions Stock Up 4.5%

Shares of AZ traded up $0.39 during trading hours on Friday, reaching $9.06. The stock had a trading volume of 263,362 shares, compared to its average volume of 179,343. A2Z Cust2Mate Solutions has a 52 week low of $1.38 and a 52 week high of $12.36. The firm has a 50-day moving average of $10.18 and a 200 day moving average of $8.52. The company has a market cap of $268.09 million, a P/E ratio of -7.55 and a beta of 1.45.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.31) 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 during the quarter.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

Large investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in A2Z Cust2Mate Solutions during the 4th quarter worth about $1,156,000. Renaissance Technologies LLC bought a new position in A2Z Cust2Mate Solutions during the 4th quarter worth about $287,000. Fortitude Advisory Group L.L.C. bought a new position in A2Z Cust2Mate Solutions during the 1st quarter worth about $906,000. FNY Investment Advisers LLC bought a new position in A2Z Cust2Mate Solutions during the 1st quarter worth about $35,000. Finally, Garnet Equity Capital Holdings Inc. bought a new position in A2Z Cust2Mate Solutions during the 4th quarter worth about $1,986,000. Institutional investors own 12.64% of the company's stock.

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.