Powerfleet (NASDAQ:AIOT) Stock Rating Reaffirmed by Barrington Research

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

Powerfleet Trading Up 0.6 %

NASDAQ:AIOT opened at $5.01 on Thursday. The stock’s 50 day moving average is $4.78. The stock has a market cap of $537.82 million, a P/E ratio of -16.16 and a beta of 1.68. Powerfleet has a twelve month low of $1.64 and a twelve month high of $5.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 1.23.

Powerfleet (NASDAQ:AIOT) last announced 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 analysts’ expectations of $71.13 million. Powerfleet had a negative net margin of 3.86% and a negative return on equity of 6.61%. As a group, analysts expect that Powerfleet will post -0.16 EPS for the current fiscal 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.