Powerfleet, Inc. (NASDAQ:AIOT - Get Free Report) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $3.70 and last traded at $4.27, with a volume of 7720566 shares trading hands. The stock had previously closed at $4.80.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on AIOT. Lake Street Capital lifted their target price on Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Barrington Research reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Powerfleet in a report on Thursday, February 13th. Finally, Northland Securities increased their price objective on Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th.
Get Our Latest Analysis on Powerfleet
Powerfleet Price Performance
The company has a current ratio of 1.21, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The firm's fifty day moving average is $6.28 and its 200-day moving average is $6.10.
Powerfleet (NASDAQ:AIOT - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). As a group, sell-side analysts predict that Powerfleet, Inc. will post -0.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Powerfleet
Large investors have recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Powerfleet during the 4th quarter valued at approximately $11,034,000. Kopion Asset Management LLC acquired a new position in Powerfleet during the fourth quarter worth $7,361,000. Hodges Capital Management Inc. purchased a new stake in Powerfleet during the fourth quarter worth $10,982,000. Inspire Investing LLC acquired a new stake in Powerfleet in the fourth quarter valued at $398,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Powerfleet in the fourth quarter valued at $118,000. Hedge funds and other institutional investors own 73.40% of the company's stock.
About Powerfleet
(
Get Free Report)
PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.
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