Pointer Telocation Ltd. (PNTR) Shares Up 3.7%
Pointer Telocation Ltd. (NASDAQ:PNTR) shot up 3.7% during mid-day trading on Monday . The company traded as high as $7.60 and last traded at $7.37, with a volume of 85,358 shares trading hands. The stock had previously closed at $7.11.
Separately, Zacks Investment Research lowered Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
The stock’s 50 day moving average price is $6.27 and its 200-day moving average price is $6.28. The company has a market cap of $57.40 million and a PE ratio of 17.59.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $16.20 million for the quarter, compared to analyst estimates of $15.50 million. On average, equities research analysts forecast that Pointer Telocation Ltd. will post $0.52 earnings per share for the current 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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