MiX Telematics Ltd – ADR (MIXT) was Upgraded by First Analysis Sec to ” Overweight” and the brokerage firm has set the Price Target at $7. Earlier the firm had a rating of “Equal-Weight ” on the company shares. First Analysis Sec advised their investors in a research report released on May 27, 2016.
MiX Telematics Ltd – ADR closed down -0.07 points or -1.52% at $4.53 with 23,061 shares getting traded on Wednesday. Post opening the session at $4.63, the shares hit an intraday low of $4.52 and an intraday high of $4.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 Americas Europe Brazil Middle East and Australasia and Africa. Its products and services provide enterprise fleets small fleets and consumers with solutions for safety risk and security. The Company’s solutions include MiX Fleet Manager which tracks live information streams and provides reporting tools through a software platform; MiX SafeDrive which provides driver safety at the forefront of fleet operations; Matrix a vehicle tracking and recovery device and Beame a wireless recovery device. The Company offers fleet management and related information products and services that provide intelligence suitable for the management of commercially utilized vehicles in both small and large fleets.