MiX Telematics (NYSE:MIXT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of MiX Telematics (NYSE:MIXT) in a research report sent to investors on Friday. The firm issued a buy rating on the technology company’s stock.

MiX Telematics Price Performance

NYSE MIXT opened at $14.55 on Friday. The company’s 50 day moving average is $14.55 and its 200-day moving average is $14.55. MiX Telematics has a 12-month low of $4.75 and a 12-month high of $14.85. The firm has a market cap of $353.75 million, a P/E ratio of 58.20 and a beta of 1.15.

Institutional Trading of MiX Telematics

A hedge fund recently bought a new stake in MiX Telematics stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in shares of MiX Telematics Limited (NYSE:MIXT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 203,574 shares of the technology company’s stock, valued at approximately $1,753,000. MiX Telematics comprises about 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 17th largest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV owned 0.92% of MiX Telematics as of its most recent SEC filing. Institutional investors own 45.72% of the company’s stock.

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.