Shares of Pointer Telocation Ltd (NASDAQ:PNTR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $15.07. Pointer Telocation shares last traded at $15.07, with a volume of 213 shares changing hands.
A number of analysts have commented on the stock. HC Wainwright set a $3.00 target price on shares of McEwen Mining and gave the company a “buy” rating in a report on Friday, May 24th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, B. Riley reiterated a “neutral” rating and issued a $15.00 price target (down from $20.50) on shares of Pointer Telocation in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.91.
The stock has a market cap of $122.22 million, a price-to-earnings ratio of 14.72 and a beta of 0.53. The firm has a 50-day moving average of $14.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.87 and a quick ratio of 1.46.
Several institutional investors and hedge funds have recently bought and sold shares of PNTR. Chicago Capital Management LLC bought a new position in shares of Pointer Telocation in the first quarter worth approximately $3,470,000. Rice Hall James & Associates LLC boosted its position in shares of Pointer Telocation by 77.6% during the first quarter. Rice Hall James & Associates LLC now owns 123,248 shares of the communications equipment provider’s stock worth $1,928,000 after acquiring an additional 53,864 shares during the last quarter. Delek Group Ltd. boosted its position in shares of Pointer Telocation by 18.9% during the first quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock worth $3,280,000 after acquiring an additional 33,517 shares during the last quarter. BlackRock Inc. bought a new position in shares of Pointer Telocation during the fourth quarter worth $251,000. Finally, Boston Partners boosted its position in shares of Pointer Telocation by 40.5% during the first quarter. Boston Partners now owns 53,615 shares of the communications equipment provider’s stock worth $839,000 after acquiring an additional 15,453 shares during the last quarter. Institutional investors and hedge funds own 27.30% of the company’s stock.
About Pointer Telocation (NASDAQ:PNTR)
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.
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