News articles about MiX Telematics (NYSE:MIXT) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MiX Telematics earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.0317259222961 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

MIXT has been the subject of a number of research reports. ValuEngine raised MiX Telematics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised MiX Telematics from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, May 15th. Finally, Canaccord Genuity boosted their price target on MiX Telematics from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 14th.

MIXT stock traded down $0.36 during trading on Friday, reaching $16.71. 56,500 shares of the stock traded hands, compared to its average volume of 144,519. MiX Telematics has a 52-week low of $8.30 and a 52-week high of $21.00. The company has a market cap of $385.39 million, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.44 and a beta of 0.45.

MiX Telematics (NYSE:MIXT) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.09. MiX Telematics had a return on equity of 11.83% and a net margin of 9.46%. The firm had revenue of $453.50 million during the quarter, compared to the consensus estimate of $432.93 million. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities analysts predict that MiX Telematics will post 0.59 earnings per share for the current fiscal year.

About MiX Telematics

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.

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