Powerfleet’s (AIOT) Outperform Rating Reiterated at Barrington Research

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

Powerfleet Stock Performance

NASDAQ AIOT opened at $5.01 on Thursday. The company has a market capitalization of $537.82 million, a P/E ratio of -16.16 and a beta of 1.68. Powerfleet has a 52-week low of $1.64 and a 52-week high of $5.67. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.29. The company’s 50 day simple moving average is $4.78.

Powerfleet (NASDAQ:AIOT) last announced its quarterly earnings results 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). The company had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $71.13 million. Powerfleet had a negative net margin of 3.86% and a negative return on equity of 6.61%. On average, analysts forecast 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.