MiX Telematics Ltd – (NYSE:MIXT) was upgraded by equities research analysts at First Analysis from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, The Fly reports.

Other institutional investors have modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of MiX Telematics Ltd – by 51.1% in the first quarter. Renaissance Technologies LLC now owns 286,891 shares of the company’s stock worth $1,133,000 after buying an additional 96,991 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its position in MiX Telematics Ltd – by 5.1% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 680,665 shares of the company’s stock worth $2,872,000 after buying an additional 33,025 shares during the last quarter. Ameriprise Financial Inc. boosted its position in MiX Telematics Ltd – by 11.1% in the fourth quarter. Ameriprise Financial Inc. now owns 571,912 shares of the company’s stock worth $2,413,000 after buying an additional 56,955 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in MiX Telematics Ltd – by 52.1% in the fourth quarter. Rice Hall James & Associates LLC now owns 299,362 shares of the company’s stock worth $1,263,000 after buying an additional 102,605 shares during the last quarter. Finally, Manning & Napier Advisors boosted its position in MiX Telematics Ltd – by 0.6% in the fourth quarter. Manning & Napier Advisors now owns 520,670 shares of the company’s stock worth $2,196,000 after buying an additional 3,050 shares during the last quarter.

A number of other brokerages have also recently commented on MIXT. Oppenheimer decreased their target price on shares of MiX Telematics Ltd – from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, February 5th. Canaccord Genuity reiterated a “buy” rating and issued a $10.50 target price on shares of MiX Telematics Ltd – in a research report on Sunday, February 7th. Finally, Zacks Investment Research upgraded shares of MiX Telematics Ltd – from a “sell” rating to a “hold” rating in a research report on Wednesday, February 10th.

MiX Telematics Ltd – (NYSE:MIXT) traded up 6.18% during midday trading on Thursday, reaching $4.81. The company had a trading volume of 71,122 shares. The firm has a 50-day moving average of $4.22 and a 200-day moving average of $4.17. MiX Telematics Ltd – has a 12 month low of $3.33 and a 12 month high of $8.13. The stock has a market cap of $152.93 million and a P/E ratio of 10.69.

MiX Telematics Ltd – (NYSE:MIXT) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $23.98 million. On average, equities analysts expect that MiX Telematics Ltd – will post $0.14 EPS for the current fiscal year.

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 Americas, Europe, Brazil, Middle East and Australasia, and Africa. Its products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk and security.

The Fly

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