Mix Telematics (MIXT) Hits New 12-Month High and Low at $16.62

Shares of Mix Telematics (NYSE:MIXT) hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $16.62 and last traded at $16.51, with a volume of 82425 shares traded. The stock had previously closed at $16.08.

MIXT has been the topic of a number of analyst reports. Zacks Investment Research lowered Mix Telematics from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. ValuEngine raised Mix Telematics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Mix Telematics in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.00.

How to Become a New Pot Stock Millionaire

The firm has a market cap of $360.27, a price-to-earnings ratio of 53.23, a PEG ratio of 1.75 and a beta of 0.42.

Mix Telematics (NYSE:MIXT) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $442.00 million during the quarter, compared to analyst estimates of $427.11 million. Mix Telematics had a return on equity of 9.14% and a net margin of 9.07%. Mix Telematics’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts anticipate that Mix Telematics will post 0.51 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Mix Telematics by 120.9% in the third quarter. JPMorgan Chase & Co. now owns 52,682 shares of the technology company’s stock valued at $524,000 after buying an additional 28,838 shares during the last quarter. Royce & Associates LP increased its holdings in Mix Telematics by 19.8% in the third quarter. Royce & Associates LP now owns 69,485 shares of the technology company’s stock valued at $689,000 after buying an additional 11,500 shares during the last quarter. Millennium Management LLC increased its holdings in Mix Telematics by 91.7% in the fourth quarter. Millennium Management LLC now owns 56,690 shares of the technology company’s stock valued at $723,000 after buying an additional 27,121 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Mix Telematics in the third quarter valued at about $771,000. Finally, Bank of New York Mellon Corp increased its holdings in Mix Telematics by 37.2% in the third quarter. Bank of New York Mellon Corp now owns 79,970 shares of the technology company’s stock valued at $793,000 after buying an additional 21,677 shares during the last quarter. 31.66% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://sportsperspectives.com/2018/04/17/mix-telematics-mixt-hits-new-12-month-high-and-low-at-16-62.html.

About Mix Telematics

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; and MiX Fleet Manager Essential for monitoring drivers and vehicles.

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

Leave a Reply