Powerfleet (NASDAQ:AIOT) Receives Outperform Rating from Barrington Research

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

Powerfleet Stock Up 2.9 %

Powerfleet stock opened at $4.91 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 1.23. The stock has a market capitalization of $527.09 million, a price-to-earnings ratio of -15.84 and a beta of 1.68. The business’s fifty day moving average is $4.76. Powerfleet has a twelve month low of $1.64 and a twelve month high of $5.67.

Powerfleet (NASDAQ:AIOT) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $71.13 million. Powerfleet had a negative net margin of 3.86% and a negative return on equity of 6.61%. Equities analysts expect that Powerfleet will post -0.16 earnings per share 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.