Somewhat Favorable News Coverage Somewhat Unlikely to Affect Mix Telematics (MIXT) Share Price

Media headlines about Mix Telematics (NYSE:MIXT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mix Telematics earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.0329973998041 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several equities analysts have recently issued reports on MIXT shares. Zacks Investment Research downgraded shares of Mix Telematics from a “buy” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine upgraded shares of Mix Telematics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Mix Telematics in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.00.

NYSE:MIXT traded down $0.53 during midday trading on Thursday, hitting $15.50. The company’s stock had a trading volume of 192,820 shares, compared to its average volume of 93,282. Mix Telematics has a fifty-two week low of $5.59 and a fifty-two week high of $16.32. The company has a market cap of $356.68, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.73 and a beta of 0.43.

Mix Telematics (NYSE:MIXT) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Mix Telematics had a net margin of 9.07% and a return on equity of 9.14%. The company had revenue of $442.00 million for the quarter, compared to the consensus estimate of $427.11 million. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. research analysts anticipate that Mix Telematics will post 0.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Friday, February 23rd were issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, February 22nd. This is an increase from Mix Telematics’s previous quarterly dividend of $0.04. Mix Telematics’s dividend payout ratio is 51.61%.

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About Mix Telematics

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. 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.

Insider Buying and Selling by Quarter for Mix Telematics (NYSE:MIXT)

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