The stock of Sito Mobile Ltd (NASDAQ:SITO) is a huge mover today! The stock increased 11.14% or $0.49 on October 3, hitting $4.89. About 295,665 shares traded hands or 142.10% up from the average. Sito Mobile Ltd (NASDAQ:SITO) has risen 57.71% since February 29, 2016 and is uptrending. It has outperformed by 45.49% the S&P500.
The move comes after 7 months positive chart setup for the $100.04M company. It was reported on Oct, 3 by Barchart.com. We have $11.49 PT which if reached, will make NASDAQ:SITO worth $135.05M more.
Analysts await Sito Mobile Ltd (NASDAQ:SITO) to report earnings on November, 22. They expect $-0.03 EPS, up 72.73% or $0.08 from last year’s $-0.11 per share. After $0.04 actual EPS reported by Sito Mobile Ltd for the previous quarter, Wall Street now forecasts -175.00% negative EPS growth.
According to Zacks Investment Research, “SITO Mobile Limited is a technology based mobile solutions provider. The Company provides wireless application development, publishing and distribution. It offers mobile location-based advertising and mobile messaging platforms that enable brands, agencies, and retailers to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response. SITO Mobile Limited, formerly known as Single Touch Systems, Inc., is based in Jersey City, New Jersey.”
More recent Sito Mobile Ltd (NASDAQ:SITO) news were published by: Reuters.com which released: “BRIEF-Sito Mobile Ltd files for mixed shelf of up to $50.0 mln” on July 15, 2016. Also Seekingalpha.com published the news titled: “SITO Mobile Is In The Sweet Spot Of The Mobile Device Advertising Explosion” on August 29, 2016. Seekingalpha.com‘s news article titled: “SITO Mobile’s (SITO) CEO Jerry Hug on Q1 2016 Results – Earnings Call Transcript” with publication date: May 17, 2016 was also an interesting one.
SITO Company Profile
SITO Mobile Ltd., formerly Single Touch Systems Inc., incorporated on May 31, 2000, is a well-known provider of mobile location advertising platform serving businesses, advertisers and brands. The Firm provides solutions through its platform, which allows marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty. It provides clients with the ability to deliver actionable content in a real-time manner, while providing measurement and analytics that allow campaigns to be fluid and transaction driven. The platform also focuses on its core offerings and launch enhancements to location advertising products, such as Verified Walk-in mobile attribution engine. The Company’s platform and tools are designed to enable brands or anyone with reach to utilize the mobile device as a means to communicate.
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