MiX Telematics Limited American (NYSE:MIXT) Experiences Heavy Trading Volume
(NYSE:MIXT) shares saw heavy trading volume with 31K shares changing hands on Friday. Shares saw a steep increase in trading volume of 98.91% over the normal average daily volume.
Here are a few additional firms who have increased or decreased their stake in (MIXT). As of the end of the quarter Morgan Stanley had disposed of 19,403 shares trimming its position 98.1%. The value of the total investment in MiX Telematics Limited American decreased from $122,000 to $2,000 a change of $120,000 since the last quarter. Polar Capital Llp trimmed its ownership by shedding 103,438 shares a decrease of 24.7% from 12/31/2016 to 03/31/2017. Polar Capital Llp claims 315,550 shares with a value of $1,985,000. The total value of its holdings decreased 23.6%.
Raymond James & Associates divested its holdings by selling 2,043 shares a decrease of 10.7%. Raymond James & Associates now holds 17,019 shares worth $107,000. The value of the position overall is down by 9.3%. As of quarter end Walleye Trading LLC had sold a total of 100 shares trimming its stake by 4.2%. The value of the investment in (MIXT) went from $15,000 to $14,000 a change of 6.7% quarter over quarter.
On May 27 the company was upgraded from “” to “Overweight” by First Analysis.
The company is down by -0.25% since yesterday’s close of $8.04. MiX Telematics Limited American also declared a dividend for shareholders paid on Thursday the 29th of June 2017. The dividend payment was $0.040 per share for the quarter or $0.16 annualized. 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 just a bit higher than $7.00, the 50 day moving average and just above the 200 day moving average of $6.77. The 50 day moving average moved up $1.02 and the 200 day average moved up $1.25.
The company’s P/E ratio is 21.39 and the market cap 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..