SITO Mobile Ltd (STTO)

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Maxim Group Begins Coverage on Sito Mobile Ltd (SITO)

Posted by Cynthia Vaughn on Jun 13th, 2016 // No Comments

Sito Mobile logoResearch analysts at Maxim Group assumed coverage on shares of Sito Mobile Ltd (NASDAQ:SITO) in a report issued on Monday. The firm set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s target price points to a potential upside of 143.16% from the company’s previous close.

Sito Mobile (NASDAQ:SITO) opened at 3.29 on Monday. Sito Mobile has a 1-year low of $1.55 and a 1-year high of $6.15. The stock’s market cap is $57.10 million. The stock has a 50 day moving average of $2.99 and a 200 day moving average of $2.63.

Sito Mobile (NASDAQ:SITO) last posted its quarterly earnings results on Monday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.03. The business had revenue of $6.50 million for the quarter, compared to the consensus estimate of $6.34 million. Equities analysts expect that Sito Mobile will post ($0.17) earnings per share for the current year.