News stories about MiX Telematics (NYSE:MIXT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MiX Telematics earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.9536356463168 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have issued reports on MIXT. Zacks Investment Research raised shares of MiX Telematics from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, October 20th. BidaskClub raised shares of MiX Telematics from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Canaccord Genuity upped their price target on shares of MiX Telematics from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine cut shares of MiX Telematics from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.
Shares of MiX Telematics (MIXT) traded down $0.30 on Monday, hitting $11.11. 81,876 shares of the stock traded hands, compared to its average volume of 76,524. MiX Telematics has a 52-week low of $5.59 and a 52-week high of $11.90. The stock has a market cap of $268.42, a PE ratio of 27.83, a PEG ratio of 1.48 and a beta of 0.89.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, November 24th will be given a $0.044 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from MiX Telematics’s previous quarterly dividend of $0.04. MiX Telematics’s dividend payout ratio is presently 33.33%.
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MiX Telematics Company Profile
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 Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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