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

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating reiterated by equities researchers at William Blair in a report released on Thursday,RTT News reports.

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

Powerfleet Trading Up 7.1 %

AIOT stock opened at $7.11 on Thursday. The business’s 50-day simple moving average is $5.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. Powerfleet has a 1-year low of $2.22 and a 1-year high of $7.23.

Powerfleet (NASDAQ:AIOT) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.54 million. During the same quarter last year, the business posted ($0.14) EPS. As a group, analysts expect 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.