B. Riley restated their neutral rating on shares of Pointer Telocation (NASDAQ:PNTR) in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. B. Riley currently has a $15.00 price objective on the communications equipment provider’s stock, down from their prior price objective of $20.50.
Several other research analysts have also commented on PNTR. Zacks Investment Research lowered shares of Pointer Telocation from a hold rating to a sell rating in a report on Tuesday, January 15th. HC Wainwright lowered shares of Pointer Telocation from a buy rating to a neutral rating and set a $15.72 price target on the stock. in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $15.91.
Shares of PNTR traded up $0.12 during mid-day trading on Wednesday, hitting $14.61. The company had a trading volume of 200 shares, compared to its average volume of 27,910. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 1.85. Pointer Telocation has a 1-year low of $10.25 and a 1-year high of $16.16. The stock has a market capitalization of $116.29 million, a PE ratio of 14.24 and a beta of 0.47.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd raised its holdings in Pointer Telocation by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 472,288 shares of the communications equipment provider’s stock valued at $5,738,000 after buying an additional 15,000 shares during the period. Boston Partners purchased a new position in Pointer Telocation in the fourth quarter valued at approximately $464,000. Van ECK Associates Corp raised its holdings in Pointer Telocation by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 816 shares during the period. Rice Hall James & Associates LLC raised its holdings in Pointer Telocation by 77.6% in the first quarter. Rice Hall James & Associates LLC now owns 123,248 shares of the communications equipment provider’s stock valued at $1,928,000 after buying an additional 53,864 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Pointer Telocation in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 23.88% of the company’s stock.
Pointer Telocation Company Profile
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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