Garnet Equity Capital Holdings Inc. Acquires New Stake in A2Z Smart Technologies Corp. (NASDAQ:AZ)

Garnet Equity Capital Holdings Inc. acquired a new stake in shares of A2Z Smart Technologies Corp. (NASDAQ:AZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 300,000 shares of the company's stock, valued at approximately $1,986,000. A2Z Smart Technologies accounts for about 0.3% of Garnet Equity Capital Holdings Inc.'s portfolio, making the stock its 15th largest holding. Garnet Equity Capital Holdings Inc. owned about 1.09% of A2Z Smart Technologies as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in shares of A2Z Smart Technologies during the 4th quarter valued at $287,000. IHT Wealth Management LLC bought a new position in shares of A2Z Smart Technologies in the fourth quarter worth about $1,156,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in A2Z Smart Technologies during the 4th quarter valued at approximately $3,619,000. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

A2Z Smart Technologies Stock Performance

Shares of AZ traded down $0.20 during mid-day trading on Friday, hitting $7.66. 65,874 shares of the stock were exchanged, compared to its average volume of 90,289. The firm has a 50-day moving average of $7.22 and a two-hundred day moving average of $6.73. A2Z Smart Technologies Corp. has a 52-week low of $0.85 and a 52-week high of $8.48. The company has a market cap of $226.66 million, a PE ratio of -15.32 and a beta of 1.39.

A2Z Smart Technologies (NASDAQ:AZ - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.26). The company had revenue of $2.00 million for the quarter, compared to analysts' expectations of $2.00 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark boosted their target price on shares of A2Z Smart Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th.

A2Z Smart Technologies 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.