Powerfleet (NASDAQ:AIOT) Stock Price Down 5.3% – Should You Sell?

Shares of Powerfleet, Inc. (NASDAQ:AIOT) traded down 5.3% during trading on Friday . The stock traded as low as $5.71 and last traded at $5.72. 240,710 shares were traded during trading, a decline of 71% from the average session volume of 840,521 shares. The stock had previously closed at $6.04.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Powerfleet in a report on Monday, November 11th.

Powerfleet Price Performance

The company’s 50 day moving average price is $5.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 1.71.

Powerfleet (NASDAQ:AIOT) last issued its earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned ($0.14) EPS. On average, research analysts forecast that Powerfleet, Inc. 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.