Company shares last traded at $7.65 much higher than the 50 day moving average which is $6.51 and significantly above the 200 day moving average of $4.67. The 50 day moving average went up $1.14 or +17.51% and the 200 day average went up by +63.98%. Trading volume for SITO Mobile, Ltd. was 282K by the end of trading on Tuesday. Overall, volume was up 4.70% over the stocks normal daily volume.
Investors are a little more bearish on shares of SITO Mobile, Ltd. recently looking at the uptick in short interest. The company recorded a rise in short interest of 11.81% as of October 13, 2017 from the last reporting period. Short shares grew from 1,536,844 to 1,718,358 over that period. Days to cover increased 5.0 to 8.0 and the short interest percentage is 0.08% as of October 13.
These firms have modified their investment in SITO. As of the end of the quarter Plante Moran Financial Advisors, LLC had disposed of a total of 10,000 shares trimming its holdings by 50.0%. The value of the company’s investment in SITO Mobile, Ltd. decreased from $51,000 to $37,000 a change of 27.5% since the last quarter. As of quarter end Perritt Capital Management Inc had bought 58,200 shares growing its position 29.1%. The value in dollars went from $514,000 to $958,000 increasing 86.4% for the reporting period.
National Asset Management, Inc. expanded its holdings by buying 365,000 shares an increase of 270.4% from 03/31/2017 to 06/30/2017. National Asset Management, Inc. owns 500,000 shares worth $1,855,000. The value of the position overall is up by 434.6%. As of the end of the quarter Ubs Group Ag had sold 2,101 shares trimming its stake by 76.4%. The value of the investment in SITO Mobile, Ltd. went from $7,000 to $2,000 a change of $5,000 quarter over quarter.
On October 25, 2017 Lake Street initiated coverage setting a rating of “Buy”.
As of the latest earnings report the EPS was $-0.38 and is expected to be $-0.37 for the current year with 21,906,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.02 and the next full year EPS is projected to be $-0.03.
SITO Mobile, Ltd., launched on May 31, 2000, operates a mobile location-based advertising platform serving businesses, advertisers and brands. Through its platform, the Business’s solutions allow marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty. The Business’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos (rich media) on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization. Geo-fencing targets customers within a certain radius of location and uses technology to push coupons, advertisements and promotions to mobile applications. Verified Walk-in tracks foot-traffic to locations and which advertisements drive action..