Powerfleet (NASDAQ:AIOT) Sees Unusually-High Trading Volume – Time to Buy?

Powerfleet, Inc. (NASDAQ:AIOT) shares saw an uptick in trading volume on Tuesday . 1,434,295 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 855,066 shares.The stock last traded at $6.49 and had previously closed at $6.30.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIOT. William Blair reissued an “outperform” rating on shares of Powerfleet in a report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a report on Monday, November 11th.

Powerfleet Trading Up 2.5 %

The stock’s fifty day simple moving average is $5.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analysts’ expectations of $74.54 million. During the same period last year, the company earned ($0.14) earnings per share. Equities analysts anticipate that Powerfleet, Inc. 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.