Pointer Telocation Ltd. (PNTR) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Pointer Telocation Ltd. (NASDAQ:PNTR) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. “

Pointer Telocation (NASDAQ:PNTR) traded down 0.26% on Wednesday, reaching $7.56. 34,387 shares of the company were exchanged. The firm has a market capitalization of $58.96 million, a PE ratio of 17.91 and a beta of 0.86. The stock has a 50 day moving average of $7.31 and a 200 day moving average of $6.57. Pointer Telocation has a 12-month low of $4.97 and a 12-month high of $7.78.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The firm earned $16.20 million during the quarter, compared to analysts’ expectations of $15.50 million. Pointer Telocation had a net margin of 3.58% and a return on equity of 12.38%. Equities analysts anticipate that Pointer Telocation will post $0.52 EPS for the current year.

An institutional investor recently raised its position in Pointer Telocation stock. Renaissance Technologies LLC boosted its position in shares of Pointer Telocation Ltd. (NASDAQ:PNTR) by 4.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,300 shares of the company’s stock after buying an additional 4,200 shares during the period. Renaissance Technologies LLC owned about 1.36% of Pointer Telocation worth $636,000 as of its most recent SEC filing. 3.94% of the stock is currently owned by institutional investors and hedge funds.

Pointer Telocation Company Profile

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.

5 Day Chart for NASDAQ:PNTR

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