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

Barrington Research reaffirmed their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a report issued on Tuesday, Benzinga reports. They currently have a $10.00 price objective on the stock.

Powerfleet Stock Up 5.7 %

Powerfleet stock opened at $5.19 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.99. The company has a market capitalization of $557.15 million, a P/E ratio of -16.74 and a beta of 1.68. The stock has a fifty day simple moving average of $4.77. Powerfleet has a twelve month low of $1.64 and a twelve month high of $5.67.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). Powerfleet had a negative net margin of 3.86% and a negative return on equity of 6.61%. The firm had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $71.13 million. As a group, equities analysts expect that Powerfleet will post -0.16 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.