The stock of MiX Telematics Ltd – ADR (NYSE:MIXT) hit a new 52-week high and has $8.75 target or 33.00% above today’s $6.58 share price. The 7 months bullish chart indicates low risk for the $155.68 million company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $8.75 price target is reached, the company will be worth $51.37M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,136 shares traded hands. MiX Telematics Ltd – ADR (NYSE:MIXT) has risen 82.91% since March 4, 2016 and is uptrending. It has outperformed by 74.87% the S&P500.
Analysts await MiX Telematics Ltd – ADR (NYSE:MIXT) to report earnings on November, 3. They expect $0.04 earnings per share, 0.00% or $0.00 from last year’s $0.04 per share. MIXT’s profit will be $946,383 for 41.13 P/E if the $0.04 EPS becomes a reality. After $0.04 actual earnings per share reported by MiX Telematics Ltd – ADR for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
MiX Telematics Ltd – ADR (NYSE:MIXT) Ratings Coverage
Out of 2 analysts covering MiX Telematics Ltd (NYSE:MIXT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MiX Telematics Ltd has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of MiX Telematics Ltd – ADR (NYSE:MIXT) has “Overweight” rating given on Friday, May 27 by First Analysis. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, August 12 report.
According to Zacks Investment Research, “MiX Telematics Limited provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. Mix’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency and security. The Company’s products includes Trailer Tracking, MiX Rovi, Beam-e, Matrix MX3, Matrix MX2, Matrix MX1, FM Tracer (FM3316i), FM Protector/MiX 3000, FM-Web, MiX Insight Analyser, Matrix Internet Tracking, MiX DriveTime, MiX Mobile, MiX Track, FM Wireless Kit, FM Voice Kit and FM Sat Comms. MiX Telematics Limited is based in Midrand, South Africa.”
More notable recent MiX Telematics Ltd – ADR (NYSE:MIXT) news were published by: Marketwatch.com which released: “MiX Telematics Ltd. ADR” on September 05, 2013, also Benzinga.com with their article: “Canaccord Believes MiX Telematics Could Benefit From Long-Term Growth Drivers” published on September 12, 2016, Benzinga.com published: “MiX Telematics Management Cut Q2 Sales Outlook; William Blair Critiques” on September 09, 2016. More interesting news about MiX Telematics Ltd – ADR (NYSE:MIXT) were released by: Investorplace.com and their article: “Biggest Movers in Services Stocks Now – ISSC IDI CCIH APPF” published on September 20, 2016 as well as Zacks.com‘s news article titled: “Small Caps Yet to Hit Highs: 5 Stocks to Buy Right Now” with publication date: July 14, 2016.
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