Shay Capital LLC Sells 975,002 Shares of A2Z Smart Technologies Corp. (NASDAQ:AZ)

Shay Capital LLC cut its position in A2Z Smart Technologies Corp. (NASDAQ:AZ) by 76.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 300,000 shares of the company’s stock after selling 975,002 shares during the period. Shay Capital LLC’s holdings in A2Z Smart Technologies were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of A2Z Smart Technologies in the fourth quarter worth about $3,619,000. Garnet Equity Capital Holdings Inc. bought a new stake in A2Z Smart Technologies during the 4th quarter worth approximately $1,986,000. IHT Wealth Management LLC purchased a new stake in A2Z Smart Technologies in the 4th quarter worth approximately $1,156,000. Finally, Renaissance Technologies LLC bought a new position in A2Z Smart Technologies in the 4th quarter valued at $287,000. 12.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark upped their price target on shares of A2Z Smart Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 26th.

A2Z Smart Technologies Stock Down 10.2%

NASDAQ:AZ opened at $8.43 on Friday. The stock has a market cap of $249.44 million, a P/E ratio of -16.86 and a beta of 1.38. The business’s 50-day moving average price is $7.43 and its two-hundred day moving average price is $6.95. A2Z Smart Technologies Corp. has a twelve month low of $0.85 and a twelve month high of $9.93.

A2Z Smart Technologies (NASDAQ:AZ) last announced its earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share for the quarter.

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.