Pointer Telocation Ltd. (PNTR) Shares Up 5.4%
Pointer Telocation Ltd. (NASDAQ:PNTR)’s share price shot up 5.4% during mid-day trading on Tuesday . The stock traded as high as $5.68 and last traded at $5.51, with a volume of 122,491 shares changing hands. The stock had previously closed at $5.23.
Separately, Zacks Investment Research raised shares of Pointer Telocation from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, March 9th.
The stock’s 50-day moving average is $6.15 and its 200 day moving average is $6.13. The stock has a market cap of $43.67 million and a P/E ratio of 12.78.
Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm earned $25.60 million during the quarter, compared to analyst estimates of $24.98 million. Equities analysts anticipate 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.