SITO Mobile Ltd. (SITO) Trading 7% Higher
Shares of SITO Mobile Ltd. (NASDAQ:SITO) traded up 7% during mid-day trading on Friday . The stock traded as high as $5.06 and last traded at $5.06, with a volume of 71,127 shares. The stock had previously closed at $4.73.
Several analysts have recently issued reports on the company. Craig Hallum assumed coverage on SITO Mobile in a report on Wednesday, July 6th. They set a “buy” rating and a $6.50 price objective on the stock. Maxim Group assumed coverage on SITO Mobile in a report on Monday, June 13th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Zacks Investment Research cut SITO Mobile from a “buy” rating to a “hold” rating in a report on Friday, May 6th.
The stock has a 50 day moving average of $4.33 and a 200 day moving average of $3.29. The stock’s market cap is $87.93 million.
SITO Mobile (NASDAQ:SITO) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. Equities analysts predict that SITO Mobile Ltd. will post $0.03 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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