Pointer Telocation (NASDAQ:PNTR)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued to clients and investors on Thursday.

A number of other research firms also recently issued reports on PNTR. ValuEngine downgraded shares of Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reiterated a “buy” rating and set a $19.25 price objective on shares of Pointer Telocation in a research note on Wednesday, November 8th. Roth Capital downgraded shares of Pointer Telocation from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Sunday, November 19th. Zacks Investment Research downgraded shares of Pointer Telocation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, TheStreet upgraded shares of Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.80.

Pointer Telocation (NASDAQ PNTR) opened at $19.55 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.13 and a current ratio of 1.42. Pointer Telocation has a one year low of $7.00 and a one year high of $19.65. The stock has a market cap of $157.06, a P/E ratio of 26.78 and a beta of 0.66.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in Pointer Telocation in the third quarter valued at approximately $354,000. Cavalier Investments LLC acquired a new stake in Pointer Telocation in the third quarter valued at approximately $285,000. Finally, Senvest Management LLC acquired a new stake in Pointer Telocation in the second quarter valued at approximately $293,000. Institutional investors own 9.22% of the company’s stock.

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About Pointer Telocation

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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