PowerFleet (NASDAQ:PWFL) Shares Up 7.1%

PowerFleet (NASDAQ:PWFL) shares shot up 7.1% on Tuesday . The stock traded as high as $6.63 and last traded at $6.48, 328,685 shares were traded during trading. An increase of 536% from the average session volume of 51,686 shares. The stock had previously closed at $6.05.

Several research firms recently weighed in on PWFL. Canaccord Genuity began coverage on shares of PowerFleet in a research report on Friday, October 4th. They set a “buy” rating and a $12.00 price target for the company. Zacks Investment Research upgraded shares of PowerFleet from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Friday, October 18th.

The firm has a market cap of $115.50 million, a P/E ratio of -28.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.24 and a current ratio of 1.56.

PowerFleet Company Profile (NASDAQ:PWFL)

There is no company description available for PowerFleet Inc

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