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I.D. Systems (NASDAQ:IDSY) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Monday.

The analysts wrote, “I D Systems (IDSY) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”

Shares of I.D. Systems (NASDAQ:IDSY) traded up 5.30% during mid-day trading on Monday, hitting $4.17. 52,547 shares of the company’s stock traded hands. I.D. Systems has a 52-week low of $3.88 and a 52-week high of $6.84. The stock has a 50-day moving average of $5.15 and a 200-day moving average of $5.69. The company’s market cap is $50.4 million.

I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.07. The company had revenue of $9.70 million for the quarter, compared to the consensus estimate of $10.65 million. On average, analysts predict that I.D. Systems will post $-0.16 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on IDSY. Analysts at Zacks upgraded shares of I.D. Systems from an “underperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $4.40 price target on the stock.

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

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