Powerfleet (NASDAQ:AIOT) Stock Price Down 1.4%

Powerfleet, Inc. (NASDAQ:AIOTGet Free Report)’s share price fell 1.4% during mid-day trading on Friday . The stock traded as low as $4.80 and last traded at $4.80. 14,501 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 764,826 shares. The stock had previously closed at $4.87.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of Powerfleet in a research note on Thursday.

Get Our Latest Research Report on AIOT

Powerfleet Stock Down 0.2 %

The company has a market capitalization of $521.72 million, a P/E ratio of -15.48 and a beta of 1.69.

About Powerfleet

(Get Free Report)

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.

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