SITO Mobile Ltd. (SITO) Shares Down 3.7%
Shares of SITO Mobile Ltd. (NASDAQ:SITO) traded down 3.7% during trading on Wednesday . The stock traded as low as $5.03 and last traded at $5.20, with a volume of 234,199 shares changing hands. The stock had previously closed at $5.40.
Several analysts recently commented on the company. Zacks Investment Research cut 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 issued a “buy” rating and a $8.00 target price on the stock. Finally, Craig Hallum assumed coverage on SITO Mobile in a research report on Wednesday, July 6th. They issued a “buy” rating and a $6.50 target price on the stock.
The stock’s 50-day moving average price is $4.16 and its 200 day moving average price is $3.18. The stock’s market capitalization is $92.53 million.
SITO Mobile (NASDAQ:SITO) last released its earnings results on Monday, August 15th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. On average, equities research analysts predict that SITO Mobile Ltd. will post ($0.02) 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.
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