Ownership Change to Note: Do Institutional Investors Love Micronet Enertec Technologies Inc (NASDAQ:MICT)?

November 22, 2016 - By Clifton Ray   ·   0 Comments

Ownership Change to Note: Do Institutional Investors Love Micronet Enertec Technologies Inc (NASDAQ:MICT)?

Sentiment for Micronet Enertec Technologies Inc (NASDAQ:MICT)

Micronet Enertec Technologies Inc (NASDAQ:MICT) institutional sentiment increased to 1.5 in 2016 Q2. Its up 1.00, from 0.5 in 2016Q1. The ratio is more positive, as 2 investment professionals increased or opened new holdings, while 4 sold and decreased equity positions in Micronet Enertec Technologies Inc. The investment professionals in our partner’s database reported: 196,629 shares, down from 224,005 shares in 2016Q1. Also, the number of investment professionals holding Micronet Enertec Technologies Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 1 New Position: 1.

Micronet Enertec Technologies, Inc. operates through Israel companies, which include Enertec Systems 2001 Ltd (Enertec), its subsidiary, and Micronet Ltd (Micronet), which develops, makes, integrates and markets rugged computers, tablets and computer systems and instruments for the commercial, defense and aerospace markets. The company has a market cap of $8.38 million. The Company’s divisions include defense and aerospace segment, and mobile resource management (MRM). It currently has negative earnings. The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions.

The stock decreased 3.62% or $0.05 on November 21, hitting $1.33. Micronet Enertec Technologies Inc (NASDAQ:MICT) has declined 36.11% since April 20, 2016 and is downtrending. It has underperformed by 40.67% the S&P500.

According to Zacks Investment Research, “Micronet Enertec Technologies Inc., designs, develops, manufactures and sells rugged mobile computing devices, computer-based systems, simulators, automatic test equipment and electronic instruments for the commercial, defense and aerospace industries. The company operates through its subsidiaries, Micronet Ltd and Enertec Systems 2001 Ltd. Micronet Enertec Technologies Inc. is based in Emerson, New Jersey.”

Bard Associates Inc holds 0.18% of its portfolio in Micronet Enertec Technologies Inc for 147,550 shares. Bank Of America Corp De owns 3 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 1,626 shares. The California-based Blackrock Institutional Trust Company N.A. has invested 0% in the stock. Citigroup Inc, a New York-based fund reported 8,000 shares.#img1#

MICT Company Profile

Micronet Enertec Technologies, Inc. (Micronet Enertec), incorporated on January 31, 2002, operates through Israel companies, which include Enertec Systems 2001 Ltd (Enertec), its subsidiary, and Micronet Ltd (Micronet), which develops, makes, integrates and markets rugged computers, tablets and computer systems and instruments for the commercial, defense and aerospace markets. The Company’s divisions include defense and aerospace segment, and mobile resource management (MRM). The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions.

More notable recent Micronet Enertec Technologies Inc (NASDAQ:MICT) news were published by: Prnewswire.com which released: “Micronet Enertec Technologies, Inc. Announces Definitive Agreement to Acquire …” on February 18, 2016, also Prnewswire.com with their article: “Micronet Enertec Technologies Reports Third Quarter 2016 Revenues” published on November 14, 2016, Prnewswire.com published: “Micronet Enertec Technologies Names Experienced Telematics Executive Kenneth …” on October 04, 2016. More interesting news about Micronet Enertec Technologies Inc (NASDAQ:MICT) were released by: Quotes.Wsj.com and their article: “News Micronet Enertec Technologies Inc.MICT” published on February 02, 2012 as well as Prnewswire.com‘s news article titled: “Micronet Enertec Technologies, Inc. Announces the Indian Government’s Approval …” with publication date: May 14, 2013.

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By Clifton Ray


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