MiX Telematics Limited American (NYSE:MIXT) Trading Volume Significantly Higher
Trading volume for MiX Telematics Limited American was 31K in the last trading session. Shares saw a steep increase in trading volume of 98.91% over the normal average daily volume.
These funds have also shifted positions in (MIXT). As of quarter end Morgan Stanley had sold a total of 19,403 shares trimming its holdings by 98.1%. The value in dollars decreased from $122,000 to $2,000 decreasing 98.4% since the last quarter. Polar Capital Llp trimmed its investment by selling 103,438 shares a decrease of 24.7% as of 03/31/2017. Polar Capital Llp currently owns 315,550 shares valued at $1,985,000. The value of the position overall is down by 23.6%.
As of the end of the quarter Raymond James & Associates had disposed of 2,043 shares trimming its position 10.7%. The value of the company’s investment in MiX Telematics Limited American went from $118,000 to $107,000 a change of 9.3% for the reporting period. As of quarter end Walleye Trading LLC had disposed 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 $1,000 quarter to quarter.
On May 27 the stock rating was upgraded from “” to “Overweight” in a statement from First Analysis.
The company is now down since yesterday’s close of $8.04. Additionally MiX Telematics Limited American announced a dividend that was paid on Thursday the 29th of June 2017. The dividend payment was $0.040 per share for the quarter which is $0.16 annualized. The dividend yield was $1.93. The ex-dividend date was set for Tuesday the 13th of June 2017.
It is currently trading at $8.02 just above the 50 day moving average which is $7.00 and which is slightly above the 200 day moving average of $6.77. The 50 day moving average was up $1.02 or +14.58% whereas the 200 day moving average was up $1.25 or +18.53%.
MiX Telematics Limited American currently has a P/E ratio of 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..