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

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

Powerfleet Trading Down 3.4 %

NASDAQ:AIOT opened at $6.04 on Monday. Powerfleet has a 12 month low of $2.22 and a 12 month high of $6.68. The business’s 50 day moving average price is $5.09. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.29.

Powerfleet (NASDAQ:AIOT) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.13). The business had revenue of $75.43 million during the quarter, compared to the consensus estimate of $71.13 million. On average, sell-side analysts expect that Powerfleet will post -0.13 earnings per share for the current fiscal 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.