MiX Telematics (NYSE:MIXT) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of MiX Telematics (NYSE:MIXT) in a report issued on Wednesday. The firm set a “buy” rating on the technology company’s stock.

MiX Telematics Stock Performance

MiX Telematics stock opened at $14.55 on Wednesday. The company has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $14.37. The stock has a market cap of $353.75 million, a P/E ratio of 58.20 and a beta of 1.15. MiX Telematics has a 12-month low of $4.75 and a 12-month high of $14.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in MiX Telematics during the fourth quarter worth approximately $1,757,000. Harber Asset Management LLC raised its holdings in MiX Telematics by 6.6% during the fourth quarter. Harber Asset Management LLC now owns 703,202 shares of the technology company’s stock worth $6,055,000 after purchasing an additional 43,436 shares in the last quarter. Cannell Capital LLC purchased a new stake in shares of MiX Telematics during the 4th quarter worth approximately $7,718,000. Black Maple Capital Management LP purchased a new stake in shares of MiX Telematics during the 4th quarter worth approximately $369,000. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of MiX Telematics in the 4th quarter valued at $1,753,000. 45.72% of the stock is owned by institutional investors and hedge funds.

MiX Telematics Company Profile

MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data.