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I.D. Systems (NASDAQ:IDSY) announced its earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.07, American Banking News reports. The company had revenue of $9.70 million for the quarter, compared to the consensus estimate of $10.65 million.

On a related note, analysts at Zacks downgraded shares of I.D. Systems from a “neutral” rating to an “underperform” rating in a research note on Friday, March 14th. They now have a $5.50 price target on the stock.

Shares of I.D. Systems (NASDAQ:IDSY) traded down 4.77% during mid-day trading on Wednesday, hitting $4.99. The stock had a trading volume of 12,007 shares. I.D. Systems has a 52-week low of $4.53 and a 52-week high of $6.84. The stock has a 50-day moving average of $5.72 and a 200-day moving average of $5.81. The company’s market cap is $59.9 million.

I.D. Systems, Inc develops, markets and sells wireless solutions for managing and securing enterprise assets.

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