A2Z Smart Technologies (NASDAQ:AZ) Given New $20.00 Price Target at Benchmark

A2Z Smart Technologies (NASDAQ:AZ) had its price objective lifted by Benchmark from $18.00 to $20.00 in a research report sent to investors on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A2Z Smart Technologies Stock Down 1.5 %

NASDAQ AZ opened at $7.31 on Wednesday. The firm’s 50 day moving average is $6.98 and its 200-day moving average is $5.75. The company has a market capitalization of $200.62 million, a PE ratio of -14.62 and a beta of 1.38. A2Z Smart Technologies has a 12-month low of $0.85 and a 12-month high of $8.28.

Institutional Investors Weigh In On A2Z Smart Technologies

Several hedge funds have recently bought and sold shares of AZ. Garnet Equity Capital Holdings Inc. acquired a new stake in A2Z Smart Technologies during the fourth quarter worth approximately $1,986,000. IHT Wealth Management LLC bought a new stake in shares of A2Z Smart Technologies in the fourth quarter valued at approximately $1,156,000. Renaissance Technologies LLC acquired a new stake in A2Z Smart Technologies during the fourth quarter worth approximately $287,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in A2Z Smart Technologies in the 4th quarter valued at $3,619,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

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.