A2Z Smart Technologies (NASDAQ:AZ) Stock Price Up 2.9% – Still a Buy?

A2Z Smart Technologies Corp. (NASDAQ:AZ) shares were up 2.9% on Monday . The company traded as high as $6.80 and last traded at $6.75. Approximately 127,245 shares traded hands during trading, an increase of 20% from the average daily volume of 106,226 shares. The stock had previously closed at $6.56.

A2Z Smart Technologies Stock Up 4.9 %

The company has a market cap of $188.51 million, a P/E ratio of -13.74 and a beta of 1.38. The firm’s 50 day moving average is $6.82 and its two-hundred day moving average is $4.73.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in A2Z Smart Technologies in the 4th quarter worth approximately $287,000. IHT Wealth Management LLC purchased a new position in shares of A2Z Smart Technologies in the fourth quarter valued at $1,156,000. Garnet Equity Capital Holdings Inc. bought a new stake in shares of A2Z Smart Technologies during the 4th quarter valued at $1,986,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in A2Z Smart Technologies during the 4th quarter worth about $3,619,000. Hedge funds and other institutional investors own 12.64% of the company’s stock.

A2Z Smart Technologies Company 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.