Somewhat Positive Media Coverage Somewhat Unlikely to Affect MiX Telematics Limited (MIXT) Stock Price
Headlines about MiX Telematics Limited (NYSE:MIXT) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MiX Telematics Limited earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.8325187979175 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of MiX Telematics Limited from a “b-” rating to a “c” rating in a research report on Thursday, May 25th. ValuEngine downgraded shares of MiX Telematics Limited from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $12.00 target price on shares of MiX Telematics Limited in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of MiX Telematics Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.88.
Shares of MiX Telematics Limited (NYSE MIXT) opened at 9.79 on Friday. The stock has a 50 day moving average of $8.77 and a 200-day moving average of $7.32. The stock has a market capitalization of $218.70 million, a P/E ratio of 24.48 and a beta of 0.85. MiX Telematics Limited has a 52-week low of $5.06 and a 52-week high of $9.79.
MiX Telematics Limited (NYSE:MIXT) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $31.08 million for the quarter, compared to analyst estimates of $31.22 million. MiX Telematics Limited had a return on equity of 8.56% and a net margin of 7.88%. Analysts predict that MiX Telematics Limited will post $0.38 EPS for the current fiscal year.
MiX Telematics Limited declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 25th that permits the company to buyback $20.10 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 12.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.036 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.47%. This is a positive change from MiX Telematics Limited’s previous quarterly dividend of $0.01. MiX Telematics Limited’s dividend payout ratio (DPR) is currently 30.77%.
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MiX Telematics Limited Company Profile
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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