Pointer Telocation Ltd. (NASDAQ:PNTR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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. “

Shares of Pointer Telocation (NASDAQ:PNTR) opened at 7.60 on Wednesday. Pointer Telocation has a 1-year low of $4.97 and a 1-year high of $7.78. The company has a market cap of $59.27 million, a price-to-earnings ratio of 18.01 and a beta of 0.86. The stock has a 50 day moving average of $7.28 and a 200 day moving average of $6.54.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/pointer-telocation-ltd-pntr-stock-rating-lowered-by-zacks-investment-research.html

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. Pointer Telocation had a return on equity of 12.38% and a net margin of 3.58%. The firm had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $15.50 million. On average, equities analysts forecast 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 increased its position in shares of Pointer Telocation Ltd. (NASDAQ:PNTR) by 4.2% during the first quarter, according to its most recent 13F filing 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 filing with the SEC. Institutional investors and hedge funds own 3.94% of the company’s stock.

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.

5 Day Chart for NASDAQ:PNTR

Get a free copy of the Zacks research report on Pointer Telocation (PNTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pointer Telocation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.