Pointer Telocation Ltd. (NASDAQ:PNTR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. The firm’s 50-day moving average price is $7.28 and its 200 day moving average price is $6.54. Pointer Telocation has a one year low of $4.97 and a one year high of $7.78. The company has a market capitalization of $59.27 million, a PE ratio of 18.01 and a beta of 0.86.

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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, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $15.50 million. Pointer Telocation had a return on equity of 12.38% and a net margin of 3.58%. Analysts anticipate that Pointer Telocation will post $0.52 earnings per share for the current year.

An institutional investor recently raised its position in Pointer Telocation stock. Renaissance Technologies LLC increased its position in Pointer Telocation Ltd. (NASDAQ:PNTR) by 4.2% during the first quarter, according to its most recent 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 1.36% of Pointer Telocation worth $636,000 at the end of the most recent reporting period. 3.94% of the stock is 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.

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