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

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. “

Other equities research analysts have also issued research reports about the company. ValuEngine raised Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Rodman & Renshaw boosted their target price on Pointer Telocation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 19th.

Pointer Telocation (NASDAQ:PNTR) opened at 12.05 on Thursday. The firm has a 50-day moving average price of $10.54 and a 200 day moving average price of $8.86. Pointer Telocation has a 52-week low of $5.23 and a 52-week high of $12.60. The company has a market capitalization of $95.28 million, a P/E ratio of 26.48 and a beta of 0.73.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Thursday, May 18th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Pointer Telocation had a return on equity of 15.39% and a net margin of 5.34%. The firm had revenue of $19.03 million during the quarter, compared to analyst estimates of $17.10 million. On average, analysts predict that Pointer Telocation will post $0.80 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Pointer Telocation by 19.0% in the first quarter. Morgan Stanley now owns 19,410 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 3,100 shares during the period. Eagle Global Advisors LLC bought a new stake in Pointer Telocation during the first quarter worth $159,000. Renaissance Technologies LLC raised its stake in Pointer Telocation by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 168,300 shares of the communications equipment provider’s stock worth $1,144,000 after buying an additional 20,400 shares during the period. Finally, Rice Hall James & Associates LLC raised its stake in Pointer Telocation by 209.5% in the first quarter. Rice Hall James & Associates LLC now owns 49,371 shares of the communications equipment provider’s stock worth $437,000 after buying an additional 33,421 shares during the period. 7.04% of the stock is owned by institutional investors.

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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