TomTom (OTCMKTS:TMOAY) Trading Down 5.1% – Here’s Why

TomTom (OTCMKTS:TMOAY)’s stock price dropped 5.1% during mid-day trading on Friday . The stock traded as low as $2.61 and last traded at $2.61. 15,800 shares traded hands during trading, an increase of 65% from the average session volume of 9,573 shares. The stock had previously closed at $2.75.

TomTom Stock Down 5.1%

The business has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.94.

TomTom Company Profile

TomTom N.V. (OTCMKTS:TMOAY) is a Dutch multinational specializing in location technology and mapping products. The company develops and licenses digital maps, real-time traffic information, and navigational services for automotive, enterprise and consumer markets. Its offerings span embedded in-car navigation systems, telematics solutions for fleet management, location-based services through APIs and mobile SDKs, as well as standalone GPS devices and wearable sports watches.

Since its founding in 1991 by entrepreneurs Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux, TomTom has grown from a GPS device manufacturer into a global provider of map content and services.