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.
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.
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.
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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.
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