A2Z Cust2Mate Solutions (NASDAQ:AZ) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)’s stock price crossed below its 50 day moving average during trading on Friday. The stock has a 50 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on AZ shares. Zacks Research upgraded shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

A2Z Cust2Mate Solutions Stock Down 11.4%

The business has a 50-day simple moving average of $5.90 and a two-hundred day simple moving average of $6.25. The company has a market capitalization of $242.30 million, a price-to-earnings ratio of -5.98 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.56 and a current ratio of 7.52.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its earnings results on Wednesday, November 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). A2Z Cust2Mate Solutions had a negative net margin of 168.05% and a negative return on equity of 57.70%. The company had revenue of $10.93 million during the quarter, compared to analyst estimates of $7.87 million. As a group, equities analysts predict that A2Z Cust2Mate Solutions Corp. will post -0.45 EPS for the current year.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Luxor Capital Group LP acquired a new position in A2Z Cust2Mate Solutions in the 1st quarter valued at $19,212,000. Weybosset Research & Management LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 8.7% in the 3rd quarter. Weybosset Research & Management LLC now owns 1,990,949 shares of the company’s stock worth $11,448,000 after acquiring an additional 160,075 shares during the period. Private Advisor Group LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the 3rd quarter worth $7,264,000. J. Goldman & Co LP acquired a new stake in shares of A2Z Cust2Mate Solutions in the 2nd quarter worth $3,774,000. Finally, Cable Car Capital LP purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at about $3,492,000. 12.64% of the stock is currently 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.