Garnet Equity Capital Holdings Inc. Buys Shares of 300,000 A2Z Smart Technologies Corp. (NASDAQ:AZ)

Garnet Equity Capital Holdings Inc. bought a new stake in A2Z Smart Technologies Corp. (NASDAQ:AZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 300,000 shares of the company’s stock, valued at approximately $1,986,000. A2Z Smart Technologies makes up about 0.3% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 15th largest holding.

A number of other large investors have also made changes to their positions in AZ. Clal Insurance Enterprises Holdings Ltd acquired a new stake in A2Z Smart Technologies during the 4th quarter worth about $3,619,000. IHT Wealth Management LLC acquired a new position in A2Z Smart Technologies in the 4th quarter worth approximately $1,156,000. Finally, Renaissance Technologies LLC purchased a new position in A2Z Smart Technologies during the 4th quarter worth approximately $287,000. 12.64% of the stock is owned by institutional investors and hedge funds.

A2Z Smart Technologies Trading Up 1.6 %

NASDAQ AZ opened at $7.45 on Tuesday. The stock has a market capitalization of $220.45 million, a price-to-earnings ratio of -14.90 and a beta of 1.39. A2Z Smart Technologies Corp. has a twelve month low of $0.85 and a twelve month high of $8.48. The stock has a 50-day moving average of $7.21 and a 200 day moving average of $6.63.

A2Z Smart Technologies (NASDAQ:AZ) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate 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.

Analysts Set New Price Targets

Separately, Benchmark raised their price objective on shares of A2Z Smart Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note 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.