MiX Telematics Limited American (NYSE:MIXT) Experiences Heavier than Average Trading Volume
153K shares changed hands on Friday. Shares saw a steep increase in trading volume of 882.69% over the normal average daily volume.
These firms have also modified their investment in MIXT. Morgan Stanley divested its investment by shedding 19,403 shares a decrease of 98.1%. Morgan Stanley claims 378 shares worth $2,000. The total value of its holdings decreased 98.4%. Polar Capital Llp cut its holdings by selling 103,438 shares a decrease of 24.7% in the quarter. Polar Capital Llp controls 315,550 shares valued at $1,985,000. The value of the position overall is down by 23.6%.
Raymond James & Associates reduced its ownership by selling 2,043 shares a decrease of 10.7% from 12/31/2016 to 03/31/2017. Raymond James & Associates owns 17,019 shares with a value of $107,000. The value of the position overall is down by 9.3%. As of the end of the quarter Walleye Trading LLC had sold a total of 100 shares trimming its holdings by 4.2%. The value of the total investment in MiX Telematics Limited American went from $15,000 to $14,000 a change of $1,000 since the last quarter.
On May 27 the company was upgraded from “” to “Overweight” in an announcement from First Analysis.
The company is so far trading up since yesterday’s close of $7.68. MiX Telematics Limited American announced a dividend for shareholders that was paid on Thu Jun 29, 2017. The dividend was $0.040 per share for the quarter which comes to $0.16 on an annualized basis. The dividend yield was $2.02. The ex-dividend date was Tuesday the 13th of June 2017.
Company shares last traded at $7.74 barely above $7.00, the 50 day moving average and just a bit higher than the 200 day moving average of $6.77. The 50 day moving average moved up $0.74 and the 200 day average went up $0.97 or +14.39%.
The most current P/E ratio is 20.64 and the market cap of the company is 174.44M.
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. Its solutions rely on its proprietary technology platform, which allows the company to collect, analyze, and deliver data from its customers’ vehicles. 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. It also provides consumer solutions, including Matrix that provides vehicle tracking, telematics, and personal safety services; and Beame, a wireless device, which offers mobile asset tracking and recovery services. In addition, the company provides driver communication, collision prevention and reduction, satellite communication, driver identification, trailer tracking, field services management, driver engagement, fuel security, outsourced control room, and driver management solutions, as well as voice kits and keypads, and in-vehicle camera. MiX Telematics Limited was founded in 1996 and is based in Midrand, South Africa..