SITO Mobile Ltd. (SITO) Trading 3.6% Higher
Shares of SITO Mobile Ltd. (NASDAQ:SITO) traded up 3.6% on Thursday . The stock traded as high as $4.10 and last traded at $4.05, with a volume of 71,858 shares. The stock had previously closed at $3.91.
Several analysts recently weighed in on the stock. Craig Hallum assumed coverage on shares of SITO Mobile in a research note on Wednesday. They issued a “buy” rating and a $6.50 price objective on the stock. Maxim Group assumed coverage on shares of SITO Mobile in a research report on Monday, June 13th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research cut shares of SITO Mobile from a “hold” rating to a “sell” rating in a research report on Wednesday, May 18th.
The stock’s market cap is $72.02 million. The company’s 50 day moving average price is $3.25 and its 200 day moving average price is $2.74.
SITO Mobile (NASDAQ:SITO) last posted its earnings results on Monday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $6.50 million for the quarter, compared to analyst estimates of $6.34 million. Equities analysts expect that SITO Mobile Ltd. will post ($0.15) EPS 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.