Powerfleet (NASDAQ:AIOT) Receives Outperform Rating from William Blair

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

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

Powerfleet Price Performance

AIOT opened at $6.64 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. The company’s 50 day simple moving average is $5.30. Powerfleet has a 52-week low of $2.22 and a 52-week high of $6.80.

Powerfleet (NASDAQ:AIOT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 in the previous year, the business earned ($0.14) EPS. As a group, sell-side analysts predict 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.