Powerfleet (NASDAQ:AIOT – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13), Zacks reports.
Powerfleet Price Performance
Shares of NASDAQ AIOT opened at $5.95 on Monday. Powerfleet has a twelve month low of $2.85 and a twelve month high of $7.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. The firm has a 50-day moving average of $6.40 and a two-hundred day moving average of $5.61.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on AIOT shares. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Powerfleet in a research note on Thursday. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research note on Thursday, November 21st. Finally, Northland Securities upped their target price on Powerfleet from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd.
Insider Transactions at Powerfleet
In related news, insider Catherine J. Lewis sold 82,010 shares of Powerfleet stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $7.05, for a total value of $578,170.50. Following the transaction, the insider now directly owns 240,962 shares in the company, valued at $1,698,782.10. The trade was a 25.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.79% of the company’s stock.
Powerfleet Company Profile
PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.
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