A2Z Smart Technologies (NASDAQ:AZ) Shares Up 2.9% – Should You Buy?

A2Z Smart Technologies Corp. (NASDAQ:AZ) rose 2.9% on Monday . The stock traded as high as $6.80 and last traded at $6.75. Approximately 127,245 shares were traded 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 Price Performance

The company has a market capitalization of $185.25 million, a P/E ratio of -13.50 and a beta of 1.38. The business has a 50-day moving average of $6.82 and a 200-day moving average of $4.67.

Hedge Funds Weigh In On A2Z Smart Technologies

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

About A2Z Smart Technologies

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.