The stock is trading at $8.64 just a bit higher than the 50 day moving average of $8.13 and which is just a bit higher than the 200 day moving average of $7.07. The 50 day moving average went up $0.51 or +6.25% and the 200 day average moved up $1.57. Trading was heavy with 82K shares changing hands in the last trading session. Trading volume was up 429.84% over the stocks average daily volume.
The following firms have also recently changed their position in MIXT. Royce & Associates Lp bolstered its investment by buying 55,344 shares an increase of 2,095.6% from 03/31/2017 to 06/30/2017. Royce & Associates Lp now controls 57,985 shares with a value of $457,000. The total value of its holdings increased 2,588.2%. As of quarter end Blair William & Co/il had disposed of a total of 39,804 shares trimming its holdings by 70.5%. The value of the company’s investment in MiX Telematics Limited American decreased from $403,000 to $131,000 a change of $272,000 for the reporting period.
Rice Hall James & Associates, LLC augmented its stake by buying 77,723 shares an increase of 23.2% as of 06/30/2017. Rice Hall James & Associates, LLC currently owns 413,127 shares worth $3,255,000. The value of the position overall is up by 54.0%. Sei Investments Co added to its ownership by buying 5,010 shares an increase of 108.7%. Sei Investments Co now holds 9,617 shares valued at $76,000. The total value of its holdings increased 162.1%.
On May 27 the stock rating was upgraded from “” to “Overweight” in a report issued by First Analysis.
The company is trading up from yesterday’s close of $8.59. The company also declared a dividend which was paid on Thursday the 29th of June 2017. The dividend payment was $0.078 per share for the quarter which is $0.31 annualized. This dividend represents a yield of $3.64. The ex-dividend date was Tuesday the 13th of June 2017.
MiX Telematics Limited American’s P/E ratio is 23.04 and the market value is 194.72M.
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..