Somewhat Favorable Media Coverage Somewhat Unlikely to Impact MiX Telematics (MIXT) Share Price

News headlines about MiX Telematics (NYSE:MIXT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MiX Telematics earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.4058734433139 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

MiX Telematics (NYSE MIXT) traded down $0.01 during mid-day trading on Friday, reaching $12.61. The company had a trading volume of 31,113 shares, compared to its average volume of 46,549. The firm has a market capitalization of $282.37, a P/E ratio of 31.53, a PEG ratio of 1.63 and a beta of 0.89. MiX Telematics has a fifty-two week low of $5.59 and a fifty-two week high of $13.17.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded MiX Telematics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised MiX Telematics from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded MiX Telematics from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity lifted their target price on MiX Telematics from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.

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About MiX Telematics

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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