Pointer Telocation Ltd. (PNTR) Trading 4.1% Higher
Pointer Telocation Ltd. (NASDAQ:PNTR) traded up 4.1% during trading on Monday . The company traded as high as $5.80 and last traded at $5.80, with a volume of 135,984 shares traded. The stock had previously closed at $5.57.
Separately, Zacks Investment Research raised shares of Pointer Telocation from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Friday.
The firm has a 50-day moving average of $5.97 and a 200 day moving average of $6.12. The firm has a market cap of $45.09 million and a price-to-earnings ratio of 13.1948.
Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Wednesday, June 8th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $25.60 million for the quarter, compared to analysts’ expectations of $24.98 million. On average, equities analysts forecast that Pointer Telocation Ltd. will post $0.76 earnings per share for the current fiscal year.
Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.
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