Powerfleet (NASDAQ:AIOT) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a research report released on Monday,Benzinga reports. Barrington Research currently has a $10.00 price target on the stock.

Powerfleet Trading Down 3.4 %

Shares of NASDAQ:AIOT opened at $6.04 on Monday. Powerfleet has a 12-month low of $2.22 and a 12-month high of $6.68. The firm has a fifty day moving average of $5.09. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.29.

Powerfleet (NASDAQ:AIOT) last announced its earnings results on Thursday, August 22nd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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. As a group, equities analysts anticipate that Powerfleet will post -0.13 earnings per share for the current year.

About Powerfleet

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.