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Pointer Telocation (PNTR) In Focus: Stock Moves 12.4% Higher

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Pointer Telocation Ltd. was a big mover last session, as its shares rose over 12% on the day. The upside after the company reported record first-quarter 2017 results. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $8.80 to $9.50 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Pointer Telocation currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Security and Safety Services space is Allegion plc (ALLE - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PNTR going up? Or down? Predict to see what others think: Up or Down

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