MiX Telematics Limited American (NYSE:MIXT) Experiences Heavy Trading Volume
Trading was heavy with 118K shares changing hands in the last trading session. Volume was up 656.79% over the stocks average daily volume.
Here are some other firms who have updated their holdings. Morgan Stanley reduced its investment by shedding 19,403 shares a decrease of 98.1% from 12/31/2016 to 03/31/2017. Morgan Stanley controls 378 shares worth $2,000. The total value of its holdings decreased 98.4%. As of the end of the quarter Polar Capital Llp had sold a total of 103,438 shares trimming its holdings by 24.7%. The value of the investment in (MIXT) decreased from $2,598,000 to $1,985,000 a change of 23.6% for the reporting period.
Raymond James & Associates downsized its ownership by selling 2,043 shares a decrease of 10.7% as of 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 position by selling 100 shares a decrease of 4.2%. Walleye Trading LLC owns 2,300 shares valued at $14,000. The value of the position overall is down by 6.7%.
On May 27 the company was changed to a “Overweight” according to a First Analysis report up from the previous “” rating.
In the market the company is trading down by -0.87% since yesterday’s close of $8.04. The company announced a dividend paid on Thursday June 29th, 2017. The dividend was $0.040 per share for the quarter which is $0.16 annualized. This dividend represents a yield of $2.02. The ex-dividend date was set for Tuesday the 13th of June 2017.
Shares of the company are trading at $7.97 slightly over the 50 day moving average of $7.00 and which is just a bit higher than the 200 day moving average of $6.77. The 50 day moving average was up by +13.86% and the 200 day average was up $1.20.
The most current P/E ratio is 21.25 and market cap is 179.62M.
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..