MiX Telematics (NYSE:MIXT) Now Covered by StockNews.com

StockNews.com started coverage on shares of MiX Telematics (NYSE:MIXT) in a research report sent to investors on Saturday. The brokerage issued a buy rating on the technology company’s stock.

Separately, Raymond James boosted their price target on MiX Telematics from $8.00 to $12.00 and gave the company an outperform rating in a research note on Wednesday, March 13th.

MiX Telematics Stock Performance

NYSE:MIXT opened at $14.55 on Friday. The company has a market capitalization of $353.75 million, a P/E ratio of 58.20 and a beta of 1.15. MiX Telematics has a 12 month low of $4.75 and a 12 month high of $14.85. The firm has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $11.96.

Institutional Trading of MiX Telematics

Several institutional investors and hedge funds have recently bought and sold shares of MIXT. Hsbc Holdings PLC purchased a new position in shares of MiX Telematics during the fourth quarter worth $1,757,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of MiX Telematics in the 4th quarter valued at about $1,753,000. FNY Investment Advisers LLC acquired a new position in shares of MiX Telematics in the 4th quarter valued at about $43,000. Kopion Asset Management LLC boosted its stake in shares of MiX Telematics by 5.6% in the fourth quarter. Kopion Asset Management LLC now owns 1,025,321 shares of the technology company’s stock worth $8,828,000 after buying an additional 53,963 shares during the last quarter. Finally, Cannell Capital LLC acquired a new stake in MiX Telematics during the fourth quarter worth about $7,718,000. 45.72% of the stock is currently owned by institutional investors and hedge funds.

MiX Telematics Company Profile

MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data.