Zacks Investment Research cut shares of Pointer Telocation Ltd. (NASDAQ:PNTR) from a hold rating to a sell rating in a research report released on Wednesday morning.

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 7.59 on Wednesday. The company has a market capitalization of $59.19 million, a PE ratio of 17.99 and a beta of 0.86. The firm’s 50-day moving average price is $7.30 and its 200 day moving average price is $6.55. Pointer Telocation has a one year low of $4.97 and a one year high of $7.78.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.50 million. 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 boosted its stake in shares of Pointer Telocation Ltd. (NASDAQ:PNTR) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

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.

5 Day Chart for NASDAQ:PNTR

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