A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Sees Heavy Call Option Buying

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 16,575 call options on the company. This represents an increase of approximately 1,350% compared to the average volume of 1,143 call options.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AZ. 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 report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Stock Performance

AZ stock traded up $0.20 during trading on Monday, hitting $6.34. 220,101 shares of the company traded hands, compared to its average volume of 438,726. The stock’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $6.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.52 and a quick ratio of 6.56. The company has a market cap of $282.42 million, a PE ratio of -7.66 and a beta of 1.16. A2Z Cust2Mate Solutions has a 1 year low of $4.97 and a 1 year high of $8.73.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative return on equity of 49.91% and a negative net margin of 241.67%. The company had revenue of $5.90 million during the quarter, compared to the consensus estimate of $3.54 million. On average, equities analysts expect that A2Z Cust2Mate Solutions will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

Large investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. lifted its stake in shares of A2Z Cust2Mate Solutions by 8.4% in the 3rd 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 during the period. T3 Companies LLC grew its position in A2Z Cust2Mate Solutions by 5.5% during the third quarter. T3 Companies LLC now owns 352,427 shares of the company’s stock valued at $2,026,000 after buying an additional 18,500 shares during the period. Weybosset Research & Management LLC grew its position in A2Z Cust2Mate Solutions by 8.7% during the third quarter. Weybosset Research & Management LLC now owns 1,990,949 shares of the company’s stock valued at $11,448,000 after buying an additional 160,075 shares during the period. Curated Wealth Partners LLC acquired a new stake in A2Z Cust2Mate Solutions during the third quarter valued at $287,000. Finally, Bank of America Corp DE purchased a new position in A2Z Cust2Mate Solutions in the second quarter valued at $359,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Company Profile

A2Z Cust2Mate Solutions Corp. is a technology company focused on transforming the in-store grocery shopping experience through smart shopping carts and retail technology. The company develops the Cust2Mate platform, which combines a shopping cart, touchscreen interface and software designed to support customer engagement and checkout activities.

Cust2Mate’s solutions are intended to help grocery retailers provide services such as product discovery, in-store navigation, digital promotions, personalized offers and self-checkout.