MiX Telematics Limited American (NYSE:MIXT) Experiences Heavier than Usual Trading Volume
Trading volume for MiX Telematics Limited American was 31K in the last trading session. Overall, volume was up 98.91% over the stocks normal daily volume.
Here are a few other firms who have also updated their positions. As of quarter end Morgan Stanley had disposed of 19,403 shares trimming its position 98.1%. The value of the investment in MIXT went from $122,000 to $2,000 a change of $120,000 quarter over quarter. Polar Capital Llp trimmed its position by selling 103,438 shares a decrease of 24.7%. Polar Capital Llp currently owns 315,550 shares valued at $1,985,000. The value of the position overall is down by 23.6%.
Raymond James & Associates cut its investment by shedding 2,043 shares a decrease of 10.7% as of 03/31/2017. Raymond James & Associates claims 17,019 shares with a value of $107,000. The total value of its holdings decreased 9.3%. As of the end of the quarter Walleye Trading LLC had sold a total of 100 shares trimming its stake by 4.2%. The value of the company’s investment in MiX Telematics Limited American decreased from $15,000 to $14,000 decreasing 6.7% since the last quarter.
On May 27 the company was set at “Overweight” in a report from First Analysis up from the previous “” rating.
The company is down from yesterday’s close of $8.04. Additionally MiX Telematics Limited American recently announced a dividend that was paid on Thursday the 29th of June 2017. The dividend was $0.040 per share for the quarter or $0.16 on an annualized basis. The dividend yield was $1.94. The ex-dividend date was set for Tuesday the 13th of June 2017.
Shares are trading at $8.02 which is marginally over $7.00, the 50 day moving average and just above the 200 day moving average of $6.77. The 50 day moving average was up $1.02 and the 200 day average went up $1.25 or +18.53%.
The P/E ratio is 21.39 and the market value is 180.75M.
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..