Powerfleet (NASDAQ:AIOT) Shares Gap Up to $4.56

Shares of Powerfleet, Inc. (NASDAQ:AIOT) gapped up before the market opened on Tuesday . The stock had previously closed at $4.56, but opened at $4.70. Powerfleet shares last traded at $4.66, with a volume of 202,253 shares.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Powerfleet in a report on Monday, August 5th.

Powerfleet Trading Up 1.3 %

The company has a market cap of $519.57 million, a PE ratio of -15.65 and a beta of 1.69.

Powerfleet Company Profile

PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.