SITO Mobile Ltd. (SITO) Trading Down 4.4%
SITO Mobile Ltd. (NASDAQ:SITO)’s share price was down 4.4% on Friday . The company traded as low as $4.11 and last traded at $4.30, with a volume of 58,604 shares. The stock had previously closed at $4.50.
A number of equities analysts recently weighed in on SITO shares. Craig Hallum started coverage on shares of SITO Mobile in a report on Wednesday. They issued a “buy” rating and a $6.50 price target on the stock. Maxim Group began coverage on SITO Mobile in a research note on Monday, June 13th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Zacks Investment Research upgraded SITO Mobile from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research note on Saturday, March 19th.
The stock’s market cap is $74.63 million. The stock’s 50 day moving average price is $3.34 and its 200 day moving average price is $2.77.
SITO Mobile (NASDAQ:SITO) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. The business earned $6.50 million during the quarter, compared to analyst estimates of $6.34 million. On average, equities analysts anticipate that SITO Mobile Ltd. will post ($0.14) earnings per share for the current fiscal 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.
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