(NYSE:MIXT) shares saw heavy trading volume with 34K shares changing hands in the last trading session. Volume was up 118.14% over the stocks average daily volume.
The following firms have also recently changed their position in MIXT. As of quarter end Jpmorgan Chase & Co had bought 10,912 shares growing its holdings by 84.4%. The value of the company’s investment in MiX Telematics Limited American went from $81,000 to $188,000 a change of $107,000 for the reporting period. As of the end of the quarter Royce & Associates Lp had acquired a total of 55,344 shares growing its position 2,095.6%. The value in dollars increased from $17,000 to $457,000 increasing 2,588.2% quarter to quarter.
As of quarter end Blair William & Co/il had sold a total of 39,804 shares trimming its stake by 70.5%. The value of the investment in (MIXT) decreased from $403,000 to $131,000 a change of 67.5% quarter over quarter. Rice Hall James & Associates, LLC grew its investment by buying 77,723 shares an increase of 23.2%. Rice Hall James & Associates, LLC now controls 413,127 shares worth $3,255,000. The total value of its holdings increased 54.0%.
On May 27 the company was upgraded from “” to “Overweight” by analysts at First Analysis.
The company is so far trading down since yesterday’s close of $8.64. Additionally the company announced a dividend that was paid on Thursday June 29th, 2017. The dividend payment was $0.078 per share for the quarter which is $0.31 annualized. The dividend yield was $3.64. The ex-dividend date was set for Tuesday the 13th of June 2017.
The stock is trading at $8.62 which is slightly above $8.13, the stock’s 50 day moving average and which is just over the 200 day moving average of $7.07. The 50 day moving average was up $0.49 or +6.00% and the 200 day average was up $1.55.
The P/E ratio is currently 24.63 and the market cap of the company is 194.27M.
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..