Media headlines about MiX Telematics Limited (NYSE:MIXT) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MiX Telematics Limited earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.3244198459575 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several equities analysts have recently issued reports on the company. ValuEngine downgraded MiX Telematics Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and set a $12.00 price objective on shares of MiX Telematics Limited in a research report on Thursday, August 3rd. Zacks Investment Research downgraded MiX Telematics Limited from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, TheStreet upgraded MiX Telematics Limited from a “c+” rating to a “b-” rating in a research report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.00.

MiX Telematics Limited (NYSE MIXT) opened at 9.83 on Friday. The firm has a market capitalization of $219.59 million, a P/E ratio of 24.57 and a beta of 0.81. The stock’s 50 day moving average price is $9.59 and its 200 day moving average price is $7.86. MiX Telematics Limited has a 12 month low of $5.59 and a 12 month high of $10.07.

MiX Telematics Limited (NYSE:MIXT) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. MiX Telematics Limited had a net margin of 7.88% and a return on equity of 8.56%. The business had revenue of $31.08 million for the quarter, compared to analysts’ expectations of $31.22 million. On average, analysts forecast that MiX Telematics Limited will post $0.37 earnings per share for the current year.

WARNING: This article was originally published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/10/13/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-mix-telematics-limited-mixt-stock-price.html.

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.

Insider Buying and Selling by Quarter for MiX Telematics Limited (NYSE:MIXT)

Receive News & Ratings for MiX Telematics Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MiX Telematics Limited and related companies with MarketBeat.com's FREE daily email newsletter.