Shares last traded at $18.90 impressively higher than $16.85, the 50 day moving average and which is quite a bit higher than the 200 day moving average of $13.12. The 50 day moving average went up $2.05 or +12.19% whereas the 200 day moving average was up $5.78 or +44.07%. Trading was light with 30K shares changing hands in the last trading session. Volume was down 7.36% under the stocks average daily volume.
Traders are a little more bullish on Pointer Telocation Ltd. – Ordin lately as inferred by the downtick in short interest. The firm realized a fall in short interest of -44.26% between September 29, 2017 and October 13, 2017. Short interest fell 12,680 over that period. With short interest at 15,972 and short average daily volume at 36,460, days to cover is 0.0 and the percentage of shorted shares was 0.00% on October 13.
The following firms have recently changed their position in PNTR. As of quarter end Renaissance Technologies LLC had bought 27,540 shares growing its position 14.3%. The value in dollars went from $1,700,000 to $2,548,000 a change of 49.9% since the last quarter. As of the end of the quarter Tower Research Capital LLC (trc) had acquired a total of 1,076 shares growing its stake by 358.7%. The value of the investment in (PNTR) increased from $2,000 to $16,000 increasing 700.0% for the reporting period.
Ubs Group Ag reduced its investment by shedding 580 shares a decrease of 58.9% from 03/31/2017 to 06/30/2017. Ubs Group Ag now controls 405 shares with a value of $5,000. The total value of its holdings decreased 44.4%. Acadian Asset Management LLC augmented its position by buying 49,832 shares an increase of 385.5%. Acadian Asset Management LLC controls 62,757 shares valued at $1,063,000. The value of the position overall is up by 608.7%.
Equity analyst B. Riley began coverage of the stock with a rating of “Buy”.
Pointer Telocation Ltd. – Ordin’s P/E ratio is 31.55 and the market cap of the company is 151.82M. As of the last earnings report the EPS was $0.60 and is expected to be $0.86 for the current year with 8,033,000 shares now outstanding. Next quarter’s EPS is estimated at $0.21 with next year’s EPS anticipated to be $1.04.
Pointer Telocation Ltd., launched on July 17, 1991, 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. The Company operates through three segments: Cellocator, MRM and RSA. The Cellocator segment designs, develops and produces MRM products that include asset tracking, fleet management and security products. Through the MRM segment, the Company acts as an operator in Israel, Brazil, Argentina, Mexico and South Africa by bundling its products together with a range of MRM services. Through the RSA segment, the Company acts as an operator in Israel, providing RSA services, emergency repair services for sale to automotive and insurance companies and car sharing services..