MiX Telematics Limited American (NYSE:MIXT) Closed 14.4% Above Its 50 Day Moving Average
The stock last traded at $8.01 a bit higher than the 50 day moving average which is $7.00 and which is a tad above the 200 day moving average of $6.77. The 50 day moving average went up $1.01 or +14.43% and the 200 day average went up $1.24 or +18.38%. Trading volume for MiX Telematics Limited American was 153K by the end of trading on Friday. Volume was up 882.69% over the stocks average daily volume.
Here are some other firms who have updated their holdings. Morgan Stanley downsized its investment by selling 19,403 shares a decrease of 98.1% in the quarter. Morgan Stanley now holds 378 shares valued at $2,000. The total value of its holdings decreased 98.4%. Polar Capital Llp cut its stake by shedding 103,438 shares a decrease of 24.7%. Polar Capital Llp owns 315,550 shares worth $1,985,000. The value of the position overall is down by 23.6%.
Raymond James & Associates trimmed its position by shedding 2,043 shares a decrease of 10.7% from 12/31/2016 to 03/31/2017. Raymond James & Associates currently owns 17,019 shares with a value of $107,000. The value of the position overall is down by 9.3%. Walleye Trading LLC divested its holdings by selling 100 shares a decrease of 4.2% as of 03/31/2017. Walleye Trading LLC claims 2,300 shares valued at $14,000. The total value of its holdings decreased 6.7%.
On May 27 the company was upgraded to “Overweight” from “” by First Analysis.
The company is so far trading up by 3.42% since yesterday’s close of $7.74. Additionally the company declared a dividend which was paid on Thursday the 29th of June 2017. The dividend payment was $0.040 per share for the quarter which comes to $0.16 on an annualized basis. This dividend represents a yeild of $2.02 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 13th of June 2017.
The P/E ratio is currently 21.36 and market cap is 180.52M.
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..