Powerfleet (NASDAQ:AIOT) Receives Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a report released on Thursday morning,RTT News reports.

Separately, Barrington Research restated an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a research report on Monday, November 11th.

Powerfleet Stock Performance

Shares of NASDAQ AIOT opened at $7.11 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. The business has a 50 day simple moving average of $5.34. Powerfleet has a twelve month low of $2.22 and a twelve month high of $7.23.

Powerfleet (NASDAQ:AIOT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $77.02 million during the quarter, compared to analyst estimates of $74.54 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. As a group, research analysts anticipate that Powerfleet will post -0.14 EPS 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.