SITO Mobile Ltd. (SITO) Trading 3.6% Higher
SITO Mobile Ltd. (NASDAQ:SITO)’s share price traded up 3.6% during mid-day trading on Thursday . The stock traded as high as $4.10 and last traded at $4.05, with a volume of 71,858 shares trading hands. The stock had previously closed at $3.91.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered SITO Mobile from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Maxim Group assumed coverage on SITO Mobile in a research report on Monday, June 13th. They set a “buy” rating and a $8.00 price target for the company. Finally, Craig Hallum assumed coverage on SITO Mobile in a research report on Wednesday. They set a “buy” rating and a $6.50 price target for the company.
The company’s 50 day moving average is $3.34 and its 200-day moving average is $2.77. The company’s market capitalization is $74.63 million.
SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings data on Monday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.03. The firm earned $6.50 million during the quarter, compared to the consensus estimate of $6.34 million. On average, analysts forecast that SITO Mobile Ltd. will post ($0.14) earnings per share for the current year.
SITO Mobile Ltd., formerly Single Touch Systems Inc, is a provider of mobile location-based advertising platform serving businesses, advertisers and brands. The Company provides solutions through its platform, which allows marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.