MiX Telematics Limited (NYSE:MIXT) was downgraded by TheStreet from a “b-” rating to a “c” rating in a research report issued on Thursday, May 25th.
A number of other equities research analysts also recently issued reports on MIXT. Canaccord Genuity reissued a “buy” rating and issued a $10.50 price target on shares of MiX Telematics Limited in a research note on Thursday, February 2nd. Zacks Investment Research lowered shares of MiX Telematics Limited from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 9th. Finally, ValuEngine lowered MiX Telematics Limited from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MiX Telematics Limited has an average rating of “Hold” and a consensus price target of $9.13.
Shares of MiX Telematics Limited (MIXT) traded down 1.00% during trading on Thursday, reaching $7.89. The company’s stock had a trading volume of 15,713 shares. The company has a market cap of $177.82 million, a PE ratio of 21.04 and a beta of 0.87. The company has a 50 day moving average of $6.58 and a 200 day moving average of $6.68. MiX Telematics Limited has a 12-month low of $4.30 and a 12-month high of $8.29.
MiX Telematics Limited (NYSE:MIXT) last posted its earnings results on Thursday, May 25th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. The company had revenue of $29.18 million for the quarter, compared to analyst estimates of $27.81 million. MiX Telematics Limited had a net margin of 7.88% and a return on equity of 7.08%. On average, analysts anticipate that MiX Telematics Limited will post $0.02 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Monday, June 19th. Shareholders of record on Thursday, June 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 12th. MiX Telematics Limited’s dividend payout ratio is presently 31.43%.
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Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of MiX Telematics Limited by 53.6% in the first quarter. Renaissance Technologies LLC now owns 543,510 shares of the technology company’s stock worth $3,424,000 after buying an additional 189,710 shares during the last quarter. Formula Growth Ltd. increased its position in shares of MiX Telematics Limited by 12.1% in the first quarter. Formula Growth Ltd. now owns 600,165 shares of the technology company’s stock valued at $3,781,000 after buying an additional 64,574 shares during the period. Blair William & Co. IL boosted its stake in MiX Telematics Limited by 0.6% in the first quarter. Blair William & Co. IL now owns 56,478 shares of the technology company’s stock valued at $403,000 after buying an additional 340 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of MiX Telematics Limited during the first quarter valued at $225,000. Finally, Bank of New York Mellon Corp boosted its position in MiX Telematics Limited by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after buying an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 14.37% of the company’s stock.
About MiX Telematics Limited
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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