MiX Telematics (MIXT) Downgraded to “Hold” at ValuEngine
ValuEngine cut shares of MiX Telematics (NYSE:MIXT) from a buy rating to a hold rating in a research note published on Saturday morning.
MIXT has been the topic of a number of other reports. Canaccord Genuity boosted their price target on MiX Telematics from $23.00 to $25.00 and gave the stock a buy rating in a report on Thursday, June 14th. Zacks Investment Research raised MiX Telematics from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Tuesday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $23.00.
MIXT stock opened at $15.78 on Friday. MiX Telematics has a twelve month low of $8.80 and a twelve month high of $21.00. The stock has a market cap of $377.26 million, a PE ratio of 27.39 and a beta of 0.45.
MiX Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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