Powerfleet (NASDAQ:AIOT) Earns “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a report issued on Thursday morning,RTT News reports.

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

Powerfleet Stock Up 7.1 %

Shares of AIOT stock opened at $7.11 on Thursday. The stock’s 50 day moving average is $5.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. Powerfleet has a 52 week low of $2.22 and a 52 week high of $7.23.

Powerfleet (NASDAQ:AIOT) last posted its quarterly 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 business had revenue of $77.02 million for the quarter, compared to analyst estimates of $74.54 million. During the same period last year, the firm earned ($0.14) EPS. Research analysts expect that Powerfleet will post -0.14 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.