MiX Telematics Limited (MIXT) Sets New 1-Year High at $11.64
MiX Telematics Limited (NYSE:MIXT) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.64 and last traded at $11.52, with a volume of 105000 shares. The stock had previously closed at $11.31.
MIXT has been the topic of several research reports. ValuEngine upgraded MiX Telematics Limited from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Canaccord Genuity restated a “buy” rating and set a $12.00 price objective on shares of MiX Telematics Limited in a report on Thursday, August 3rd. Zacks Investment Research upgraded MiX Telematics Limited from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, BidaskClub upgraded MiX Telematics Limited from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $13.00.
The firm has a market cap of $257.36, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.49 and a beta of 0.81.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, November 24th will be issued a $0.044 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from MiX Telematics Limited’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.51%. MiX Telematics Limited’s dividend payout ratio (DPR) is currently 30.00%.
Several large investors have recently made changes to their positions in MIXT. Bank of New York Mellon Corp increased its holdings in shares of MiX Telematics Limited by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after acquiring an additional 1,715 shares during the period. Renaissance Technologies LLC increased its holdings in shares of MiX Telematics Limited by 53.6% in the 1st quarter. Renaissance Technologies LLC now owns 543,510 shares of the technology company’s stock valued at $3,424,000 after acquiring an additional 189,710 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of MiX Telematics Limited by 197.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 58,077 shares of the technology company’s stock valued at $457,000 after acquiring an additional 38,582 shares during the period. Acadian Asset Management LLC increased its holdings in shares of MiX Telematics Limited by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 520,875 shares of the technology company’s stock valued at $4,105,000 after acquiring an additional 123,643 shares during the period. Finally, Boston Partners purchased a new position in shares of MiX Telematics Limited in the 2nd quarter valued at $485,000. Institutional investors and hedge funds own 21.57% of the company’s stock.
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MiX Telematics Limited Company Profile
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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