MiX Telematics (MIXT) Crumbles: Stocks Falls by 6.3%

Zacks Equity Research

MiX Telematics Limited (MIXT) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MIXT, as the stock is now down over 17% in the past one-month time frame.

This company in Technical & System Software industry has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t changed either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

MIXT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Constant Contact, Inc. (CTCT), E2open, Inc. (EOPN) and FireEye, Inc. (FEYE). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

MIX TELEMATICS LTD (MIXT): Free Stock Analysis Report

CONSTANT CONTACT INC (CTCT): Free Stock Analysis Report

E2OPEN INC (EOPN): Free Stock Analysis Report

FIREEYE INC (FEYE): Free Stock Analysis Report

Zacks Investment Research