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

Barrington Research restated their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $10.00 target price on the stock.

Powerfleet Stock Performance

Shares of AIOT opened at $5.19 on Tuesday. The company has a market cap of $557.15 million, a PE ratio of -16.74 and a beta of 1.68. Powerfleet has a 52 week low of $1.64 and a 52 week high of $5.67. The firm has a fifty day moving average price of $4.77. 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 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 return on equity of 6.61% and a negative net margin of 3.86%. The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $71.13 million. As a group, equities analysts forecast that Powerfleet will post -0.16 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.