SITO Mobile Ltd. (NASDAQ:SITO) shares traded down 5.7% during mid-day trading on Wednesday . The stock traded as low as $4.75 and last traded at $4.80, with a volume of 78,869 shares. The stock had previously closed at $5.09.

Several research analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of SITO Mobile in a report on Wednesday, July 6th. They issued a “buy” rating and a $6.50 target price on the stock. Maxim Group initiated coverage on shares of SITO Mobile in a report on Monday, June 13th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Zacks Investment Research cut shares of SITO Mobile from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th.

The company’s market cap is $84.10 million. The firm’s 50 day moving average is $4.29 and its 200-day moving average is $3.26.

SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings data on Monday, August 15th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.08. On average, equities analysts expect that SITO Mobile Ltd. will post $0.03 EPS 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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