A2Z Cust2Mate Solutions (NASDAQ:AZ) Posts Earnings Results

Key Points

• A2Z Cust2Mate Solutions reported a quarterly loss of ($0.31) earnings per share, with a negative net margin of 321.32% and return on equity of 256.23%.
• The company's stock fell 2.8% to $9.82 during trading, with a 52-week range between $1.38 and $12.36.
• Weiss Ratings has reaffirmed a "sell (d-)" rating on A2Z Cust2Mate Solutions’ shares.

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

A2Z Cust2Mate Solutions Stock Down 3.7%

NASDAQ:AZ traded down $0.35 during trading hours on Monday, hitting $9.06. 155,894 shares of the company's stock traded hands, compared to its average volume of 170,021. The firm has a market cap of $268.09 million, a P/E ratio of -7.55 and a beta of 1.45. A2Z Cust2Mate Solutions has a 52 week low of $1.38 and a 52 week high of $12.36. The business's fifty day simple moving average is $10.19 and its two-hundred day simple moving average is $8.50.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Several large investors have recently added to or reduced their stakes in the business. Honeycomb Asset Management LP purchased a new stake in shares of A2Z Cust2Mate Solutions during the second quarter worth about $1,773,000. NewEdge Advisors LLC bought a new position in A2Z Cust2Mate Solutions during the 2nd quarter valued at approximately $148,000. Marshall Wace LLP bought a new position in A2Z Cust2Mate Solutions during the 2nd quarter valued at approximately $412,000. Finally, Geode Capital Management LLC raised its position in A2Z Cust2Mate Solutions by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company's stock valued at $226,000 after purchasing an additional 11,342 shares during the last quarter. Institutional investors own 12.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AZ shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research report on Saturday. Wall Street Zen cut A2Z Cust2Mate Solutions from a "hold" rating to a "strong sell" rating in a research report on Saturday.

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.