Fleetmatics Group PLC (FLTX) has risen sharply, recording gains of 32.21% in the past 4 weeks. However, the stock has corrected -0.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 30.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 17.65% and the 50-Day Moving Average is 28.13%. Fleetmatics Group PLC (NYSE:FLTX): On Fridays trading session , Opening price of the stock was $59.47 with an intraday high of $59.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $59.38. However, the stock managed to close at $59.39, a loss of 0.12% for the day. On the previous day, the stock had closed at $59.46. The total traded volume of the day was 1,049,541 shares.
In the past twelve weeks, the net percent change held by company insiders has changed by -9.72% . During last six month period, the net percent change held by insiders has seen a change of -11.17%. Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Fleetmatics Group PLC (NYSE:FLTX). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $45. The rating by the firm was issued on August 9, 2016.
Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce. The Companys product offerings include Fleetmatics REVEAL, a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises, and Fleetmatics WORK, a field service management solution. The Companys solutions include fleet management and field service management. The Companys subsidiaries are Fleetmatics Ireland Limited, Fleetmatics (UK) Limited, Fleetmatics USA, LLC, Fleetmatics Netherlands B.V., Fleetmatics de Mexico Srl, and Fleetmatics Pty Ltd.