SITO Mobile Ltd. (SITO) Trading 4.2% Higher
SITO Mobile Ltd. (NASDAQ:SITO) traded up 4.2% during trading on Tuesday . The company traded as high as $4.02 and last traded at $4.00, with a volume of 75,593 shares. The stock had previously closed at $3.84.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered SITO Mobile from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Craig Hallum assumed coverage on SITO Mobile in a research report on Wednesday, July 6th. They set a “buy” rating and a $6.50 price objective for the company. Finally, Maxim Group assumed coverage on SITO Mobile in a research report on Monday, June 13th. They set a “buy” rating and a $8.00 price objective for the company.
The stock’s 50 day moving average is $3.74 and its 200 day moving average is $2.93. The stock’s market capitalization is $69.42 million.
SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings results on Monday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.03. The firm earned $6.50 million during the quarter, compared to analyst estimates of $6.34 million. Equities research analysts anticipate that SITO Mobile Ltd. will post ($0.14) 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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