SITO Mobile Ltd. (SITO) Trading 3.5% Higher
SITO Mobile Ltd. (NASDAQ:SITO) shares traded up 3.5% on Friday . The stock traded as high as $4.20 and last traded at $4.17, with a volume of 74,103 shares. The stock had previously closed at $4.03.
Several research analysts have weighed in on the company. Craig Hallum assumed coverage on SITO Mobile in a research note on Wednesday, July 6th. They issued a “buy” rating and a $6.50 price target for the company. Zacks Investment Research downgraded SITO Mobile from a “hold” rating to a “sell” rating in a research note on Wednesday, May 18th. Finally, Maxim Group initiated coverage on SITO Mobile in a research note on Monday, June 13th. They issued a “buy” rating and a $8.00 price target for the company.
The stock’s market cap is $72.49 million. The stock has a 50 day moving average of $3.96 and a 200 day moving average of $3.10.
SITO Mobile (NASDAQ:SITO) last announced its quarterly earnings results on Monday, May 16th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.03. The company earned $6.50 million during the quarter, compared to the consensus estimate of $6.34 million. Equities analysts predict 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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