Pointer Telocation (NASDAQ:PNTR) released its quarterly earnings data on Tuesday. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05, Morningstar.com reports. The business had revenue of $18.85 million during the quarter, compared to analyst estimates of $20.14 million. Pointer Telocation had a net margin of 21.14% and a return on equity of 18.46%.
Shares of Pointer Telocation (NASDAQ:PNTR) opened at $15.40 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.13 and a current ratio of 1.42. The stock has a market cap of $121.31, a PE ratio of 7.66 and a beta of 0.62. Pointer Telocation has a 1-year low of $8.50 and a 1-year high of $19.65.
Several institutional investors and hedge funds have recently bought and sold shares of PNTR. Bank of Montreal Can boosted its holdings in shares of Pointer Telocation by 2,592.7% in the fourth quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 7,778 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Pointer Telocation in the fourth quarter worth approximately $279,000. Cavalier Investments LLC purchased a new position in shares of Pointer Telocation in the third quarter worth approximately $285,000. Navellier & Associates Inc purchased a new position in shares of Pointer Telocation in the fourth quarter worth approximately $312,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Pointer Telocation in the third quarter worth approximately $354,000. 9.04% of the stock is currently owned by institutional investors.
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About Pointer Telocation
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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