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

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

Powerfleet Stock Performance

NASDAQ:AIOT opened at $6.25 on Monday. The business’s 50-day moving average price is $5.05. Powerfleet has a 1-year low of $2.05 and a 1-year high of $6.68. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.29.

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