Pointer Telocation Ltd (NASDAQ:PNTR) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.67.

A number of equities analysts have recently commented on PNTR shares. ValuEngine cut Pointer Telocation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 11th. HC Wainwright set a $25.00 target price on Pointer Telocation and gave the stock a “buy” rating in a report on Tuesday, May 22nd. Zacks Investment Research cut Pointer Telocation from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, Roth Capital set a $17.00 target price on Pointer Telocation and gave the stock a “buy” rating in a report on Wednesday, August 15th.

Hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC bought a new stake in shares of Pointer Telocation during the 1st quarter worth approximately $113,000. First Wilshire Securities Management Inc. lifted its stake in shares of Pointer Telocation by 37.2% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 18,246 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 4,946 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Pointer Telocation by 2,955.2% during the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 17,731 shares during the last quarter. Eagle Global Advisors LLC lifted its stake in shares of Pointer Telocation by 89.9% during the 1st quarter. Eagle Global Advisors LLC now owns 27,455 shares of the communications equipment provider’s stock worth $399,000 after acquiring an additional 13,000 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in shares of Pointer Telocation during the 2nd quarter worth approximately $389,000. 19.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Pointer Telocation stock traded down $0.05 on Tuesday, reaching $12.95. The company had a trading volume of 500 shares, compared to its average volume of 17,789. The stock has a market cap of $107.34 million, a price-to-earnings ratio of 11.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.31 and a current ratio of 1.61. Pointer Telocation has a 1 year low of $10.25 and a 1 year high of $19.65.

About Pointer Telocation

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

Further Reading: Google Finance Portfolio Workaround

Receive News & Ratings for Pointer Telocation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation and related companies with MarketBeat.com's FREE daily email newsletter.