A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Breaks Below 50-Day Moving Average - Here's Why

Key Points

• A2Z Cust2Mate shares fell below their 50-day moving average of $5.90, reaching a low of $5.27 and last trading at $5.44.
• The company reported quarterly EPS of -$0.15, missing estimates by $0.01, while revenue of $10.93 million exceeded analysts’ $7.87 million forecast.
• Analysts’ consensus rating is Hold, with an average price target of $15.00; ratings range from Buy to Sell.

Shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $5.90 and traded as low as $5.27. A2Z Cust2Mate Solutions shares last traded at $5.44, with a volume of 1,139,224 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AZ. Weiss Ratings reiterated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research note on Thursday, October 15th. Zacks Research upgraded shares of A2Z Cust2Mate Solutions from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.00.

A2Z Cust2Mate Solutions Price Performance

The firm has a market capitalization of $242.30 million, a price-to-earnings ratio of -5.98 and a beta of 1.16. The stock's fifty day moving average price is $5.90 and its two-hundred day moving average price is $6.25. The company has a current ratio of 7.52, a quick ratio of 6.56 and a debt-to-equity ratio of 0.02.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last issued its earnings results on Wednesday, November 11th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The firm had revenue of $10.93 million for the quarter, compared to analyst estimates of $7.87 million. A2Z Cust2Mate Solutions had a negative return on equity of 57.70% and a negative net margin of 168.05%. Equities research analysts expect that A2Z Cust2Mate Solutions Corp. will post -0.45 EPS for the current year.

Institutional Trading of A2Z Cust2Mate Solutions

A number of institutional investors have recently bought and sold shares of AZ. Curated Wealth Partners LLC purchased a new position in shares of A2Z Cust2Mate Solutions in the 3rd quarter valued at about $287,000. Persistent Asset Partners Ltd purchased a new stake in A2Z Cust2Mate Solutions during the second quarter worth approximately $331,000. Bank of America Corp DE purchased a new stake in A2Z Cust2Mate Solutions during the second quarter worth approximately $359,000. T3 Companies LLC boosted its holdings in A2Z Cust2Mate Solutions by 5.5% in the third quarter. T3 Companies LLC now owns 352,427 shares of the company's stock valued at $2,026,000 after purchasing an additional 18,500 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. boosted its holdings in A2Z Cust2Mate Solutions by 8.4% in the third quarter. Mountain Hill Investment Partners Corp. now owns 452,738 shares of the company's stock valued at $2,603,000 after purchasing an additional 35,000 shares in the last quarter. 12.64% of the stock is owned by hedge funds and other institutional investors.

About A2Z Cust2Mate Solutions

A2Z Cust2Mate Solutions develops smart shopping carts and related technology for grocery retailers. Its Cust2Mate platform combines an in-cart touchscreen with tools designed to help shoppers browse products, access promotions and complete purchases while shopping. The company's solutions are intended to support retailers with checkout processes and in-store customer engagement. Cust2Mate carts can also provide retailers with a platform for displaying product information and promotional content.

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