MiX Telematics Coverage Initiated by StockNews.com

StockNews.com has commenced coverage on shares of MiX Telematics (NYSE:MIXT) as of Sunday. In their research report, analysts have assigned a "buy" rating to the technology company's stock.

Current Stock Performance of MiX Telematics

On Friday, NYSE MIXT opened at $14.55. The stock's fifty-day moving average price is also $14.55, with a two-hundred day moving average price standing at $14.55. Over the past year, MiX Telematics experienced a low of $4.75 and a high of $14.85. The company's market capitalization is approximately $353.75 million. Additionally, MiX Telematics has a price-to-earnings (P/E) ratio of 58.20 and a beta value of 1.15, indicating its volatility in relation to the broader market.

Overview of MiX Telematics

MiX Telematics Limited, along with its subsidiaries, is focused on providing fleet and mobile asset management solutions through a software-as-a-service (SaaS) model. They offer various products, including MiX Fleet Manager, a comprehensive commercial fleet management solution that features:

• MyMiX, a driver engagement platform
• MiX Vision, a solution for on-road and in-vehicle video recording
• MiX Rovi, an in-vehicle display and communication system
• MiX RIBAS and DriveMate, both in-cab driving aid solutions
• MiX Hours of Service for real-time monitoring and compliance
• MiX Journey Management, which serves as an electronic alternative to traditional paper-based systems
• MiX OEM Connect for seamless integration with telematics data

These offerings reflect MiX Telematics' commitment to enhancing fleet management and driver safety through innovative technology solutions.

MiX, Telematics, Stock