Powerfleet’s (AIOT) “Outperform” Rating Reaffirmed at William Blair

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating restated by analysts at William Blair in a note issued to investors on Thursday,RTT News reports.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Powerfleet in a research report on Monday, November 11th.

Powerfleet Price Performance

NASDAQ AIOT opened at $6.48 on Thursday. Powerfleet has a 12-month low of $2.22 and a 12-month high of $6.68. The firm has a 50-day simple moving average of $5.22. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.25.

Powerfleet (NASDAQ:AIOT) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $74.54 million. During the same period in the prior year, the business posted ($0.14) EPS. On average, research analysts predict that Powerfleet will post -0.13 EPS for the current year.

About Powerfleet

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.