StockNews.com Begins Coverage on MiX Telematics (NYSE:MIXT)

Analysts at StockNews.com started coverage on shares of MiX Telematics (NYSE:MIXT) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the technology company’s stock.

MiX Telematics Price Performance

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

Institutional Trading of MiX Telematics

An institutional investor recently bought a new position in MiX Telematics stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV bought a new stake in MiX Telematics Limited (NYSE:MIXT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 203,574 shares of the technology company’s stock, valued at approximately $1,753,000. MiX Telematics makes up 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings, making the stock its 17th biggest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV owned about 0.92% of MiX Telematics as of its most recent SEC filing. 45.72% of the stock is currently 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.