Pointer Telocation (NASDAQ:PNTR) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday.
A number of other brokerages have also issued reports on PNTR. ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Pointer Telocation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. TheStreet lowered shares of Pointer Telocation from a “b” rating to a “c+” rating in a research report on Tuesday, February 27th. HC Wainwright reaffirmed a “buy” rating on shares of Pointer Telocation in a research report on Thursday, January 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $20.00 target price on shares of Pointer Telocation in a research report on Thursday, November 16th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pointer Telocation currently has a consensus rating of “Buy” and an average price target of $17.80.
Shares of Pointer Telocation (NASDAQ PNTR) traded up $0.55 during mid-day trading on Monday, reaching $15.65. 37,982 shares of the company were exchanged, compared to its average volume of 25,291. Pointer Telocation has a fifty-two week low of $8.50 and a fifty-two week high of $19.65. The company has a market capitalization of $121.31, a price-to-earnings ratio of 7.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.44 and a quick ratio of 1.13.
A number of institutional investors have recently made changes to their positions in PNTR. Acadian Asset Management LLC increased its holdings in Pointer Telocation by 70.1% in the 2nd quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock valued at $150,000 after buying an additional 5,327 shares during the period. Bank of Montreal Can increased its holdings in Pointer Telocation by 2,592.7% in the 4th quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock valued at $150,000 after buying an additional 7,778 shares during the period. Eagle Global Advisors LLC bought a new stake in Pointer Telocation in the 1st quarter valued at $159,000. ARK Investment Management LLC bought a new stake in Pointer Telocation in the 4th quarter valued at $279,000. Finally, Cavalier Investments LLC bought a new stake in Pointer Telocation in the 3rd quarter valued at $285,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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