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

StockNews.com assumed coverage on shares of MiX Telematics (NYSE:MIXT) in a research report released on Sunday. The firm issued a buy rating on the technology company’s stock.

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

MiX Telematics Stock Performance

Shares of NYSE:MIXT opened at $14.55 on Friday. The stock has a 50 day moving average of $14.55 and a 200 day moving average of $12.23. The company has a market cap of $353.75 million, a PE 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.

Institutional Trading of MiX Telematics

Several hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of MiX Telematics during the fourth quarter valued at $43,000. Black Maple Capital Management LP purchased a new stake in shares of MiX Telematics in the 4th quarter worth approximately $369,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new stake in shares of MiX Telematics in the 4th quarter worth approximately $1,753,000. Hsbc Holdings PLC purchased a new stake in shares of MiX Telematics in the 4th quarter worth approximately $1,757,000. Finally, Harber Asset Management LLC lifted its position in shares of MiX Telematics by 6.6% in the 4th quarter. Harber Asset Management LLC now owns 703,202 shares of the technology company’s stock worth $6,055,000 after purchasing an additional 43,436 shares during the period. 45.72% of the stock is owned by hedge funds and other institutional investors.

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.