Barrington Research Reiterates Outperform Rating for Powerfleet (NASDAQ:AIOT)

Barrington Research reissued their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a report released on Monday morning,Benzinga reports. Barrington Research currently has a $10.00 target price on the stock.

Powerfleet Stock Up 1.7 %

Shares of AIOT stock opened at $5.49 on Monday. The business’s 50-day moving average price is $5.05. Powerfleet has a 12-month low of $2.03 and a 12-month high of $5.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.99.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The company had revenue of $75.43 million during the quarter, compared to the consensus estimate of $71.13 million. On average, sell-side analysts forecast that Powerfleet will post -0.13 EPS for the current year.

Powerfleet Company Profile

PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.