Press coverage about Sito Mobile (NASDAQ:SITO) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sito Mobile earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 46.9741203995293 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages recently weighed in on SITO. Maxim Group set a $8.00 price objective on Sito Mobile and gave the stock a “buy” rating in a research report on Thursday, March 22nd. ValuEngine downgraded Sito Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, Zacks Investment Research downgraded Sito Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Sito Mobile has an average rating of “Buy” and an average target price of $8.75.
Shares of SITO stock traded down $0.08 on Thursday, hitting $3.79. 208,700 shares of the company’s stock were exchanged, compared to its average volume of 215,344. Sito Mobile has a 12 month low of $3.01 and a 12 month high of $8.60. The company has a market cap of $101.74 million, a P/E ratio of -7.58 and a beta of -1.08.
About Sito Mobile
SITO Mobile, Ltd. operates a mobile location-based advertising platform in the United States and Canada. Its mobile location-based advertising platform allows to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response for brands, agencies, and retailers.
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