StockNews.com initiated coverage on shares of MiX Telematics (NYSE:MIXT - Free Report) in a research report sent to investors on Friday. The firm issued a buy rating on the technology company's stock.
MiX Telematics Stock Performance
MIXT remained flat at $14.55 during trading on Friday. MiX Telematics has a fifty-two week low of $4.75 and a fifty-two week high of $14.85. The stock's fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $14.55. The stock has a market cap of $353.75 million, a price-to-earnings ratio of 58.20 and a beta of 1.15.
About MiX Telematics
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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.
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