Media coverage about MiX Telematics (NYSE:MIXT) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MiX Telematics earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.3333303912737 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have issued reports on MIXT shares. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of MiX Telematics in a research note on Thursday, February 1st. ValuEngine raised shares of MiX Telematics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. MiX Telematics currently has an average rating of “Buy” and an average price target of $15.50.
MiX Telematics (MIXT) traded down $0.07 during trading hours on Wednesday, hitting $15.06. 24,065 shares of the stock were exchanged, compared to its average volume of 91,738. MiX Telematics has a 12 month low of $5.59 and a 12 month high of $15.28. The company has a market capitalization of $337.79, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.58.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 23rd were given a $0.052 dividend. This is a positive change from MiX Telematics’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.38%. MiX Telematics’s dividend payout ratio (DPR) is currently 32.00%.
MiX Telematics 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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