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

StockNews.com assumed coverage on shares of MiX Telematics (NYSE:MIXT) in a research note published on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.

MiX Telematics Stock Performance

Shares of MIXT stock opened at $14.55 on Tuesday. The stock’s 50-day moving average is $14.55 and its two-hundred day moving average is $14.55. The firm has a market cap of $353.75 million, a price-to-earnings ratio of 58.20 and a beta of 1.15. MiX Telematics has a 1 year low of $4.75 and a 1 year high of $14.85.

About MiX Telematics

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.