MiX Telematics Limited (MIXT) Earns Media Impact Rating of 0.20
News stories about MiX Telematics Limited (NYSE:MIXT) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MiX Telematics Limited earned a news impact score of 0.20 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.8220730360792 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- LEGAL NOTICE: Redi-Mix, LLC application for permanent concrete batch plant in Ferris, Texas (elliscountypress.com)
- DeShone Kizer keeps himself in mix during Browns’ 10-6 victory over Giants (cleveland.com)
- Xiaomi Mi MIX 2 clears mandatory 3C certification, expected to launch soon (bgr.in)
- MiX Telematics Limited American (MIXT) Saw a New 52-Week High (highlightpress.com)
- Zacks Investment Research Upgrades MiX Telematics Limited (MIXT) to Hold (americanbankingnews.com)
MIXT has been the topic of several analyst reports. Zacks Investment Research lowered shares of MiX Telematics Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine downgraded shares of MiX Telematics Limited from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. TheStreet upgraded shares of MiX Telematics Limited from a “c+” rating to a “b-” rating in a research note on Tuesday, July 11th. Finally, Canaccord Genuity restated a “buy” rating and set a $12.00 target price on shares of MiX Telematics Limited in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.88.
Shares of MiX Telematics Limited (NYSE:MIXT) opened at 9.60 on Friday. MiX Telematics Limited has a 52 week low of $4.93 and a 52 week high of $9.60. The stock has a market cap of $214.45 million, a PE ratio of 24.00 and a beta of 0.85. The company’s 50-day moving average is $8.59 and its 200 day moving average is $7.27.
MiX Telematics Limited (NYSE:MIXT) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. MiX Telematics Limited had a net margin of 7.88% and a return on equity of 8.56%. The company had revenue of $31.08 million during the quarter, compared to analyst estimates of $31.22 million. Analysts forecast that MiX Telematics Limited will post $0.38 earnings per share for the current fiscal year.
MiX Telematics Limited declared that its board has approved a share repurchase program on Thursday, May 25th that permits the company to repurchase $20.10 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 12.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 25th will be issued a $0.036 dividend. This is an increase from MiX Telematics Limited’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.50%. MiX Telematics Limited’s dividend payout ratio is currently 30.77%.
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About MiX Telematics Limited
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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