Mix Telematics Ltd. (MIXT) Announces $0.01 Dividend
Mix Telematics Ltd. (NYSE:MIXT) announced a dividend on Thursday, November 3rd. Investors of record on Friday, November 25th will be given a dividend of 0.01 per share on Monday, November 28th. The ex-dividend date of this dividend is Tuesday, November 22nd.
Shares of Mix Telematics (NYSE:MIXT) opened at 6.08 on Thursday. Mix Telematics has a 12-month low of $3.33 and a 12-month high of $6.85. The company has a market capitalization of $136.74 million, a P/E ratio of 18.71 and a beta of 0.84. The company has a 50 day moving average price of $6.29 and a 200 day moving average price of $5.36.
MIXT has been the subject of several analyst reports. TheStreet upgraded Mix Telematics from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Canaccord Genuity upped their target price on Mix Telematics from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Zacks Investment Research cut Mix Telematics from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $7.25.
A hedge fund recently raised its stake in Mix Telematics stock. Ameriprise Financial Inc. raised its position in Mix Telematics Ltd. (NYSE:MIXT) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,010 shares of the company’s stock after buying an additional 3,010 shares during the period. Ameriprise Financial Inc. owned approximately 0.67% of Mix Telematics worth $1,297,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.57% of the company’s stock.
About Mix Telematics
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.
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