Powerfleet, Inc. (NASDAQ:AIOT - Get Free Report) fell 5.3% on Friday . The stock traded as low as $5.71 and last traded at $5.72. 240,710 shares traded hands during trading, a decline of 71% from the average session volume of 840,521 shares. The stock had previously closed at $6.04.
Analyst Upgrades and Downgrades
Separately, Barrington Research reiterated an "outperform" rating and issued a $10.00 price objective on shares of Powerfleet in a research note on Monday.
Get Our Latest Report on Powerfleet
Powerfleet Trading Down 1.5 %
The business has a fifty day moving average of $5.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 1.71.
Powerfleet (NASDAQ:AIOT - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.21) EPS 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. Equities analysts forecast that Powerfleet, Inc. will post -0.13 earnings per share for the current fiscal year.
Powerfleet Company Profile
(
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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.
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