Mobilicom Limited Sponsored ADR (NASDAQ:MOB – Get Free Report)’s stock price traded down 8.4% during trading on Friday. The stock traded as low as $2.12 and last traded at $2.17. 240,268 shares traded hands during trading, an increase of 162% from the average daily volume of 91,789 shares. The stock had previously closed at $2.37.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Mobilicom from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd.
View Our Latest Stock Report on Mobilicom
Mobilicom Stock Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.15 and a current ratio of 10.77. The business has a 50-day moving average of $4.12 and a two-hundred day moving average of $5.38.
Mobilicom (NASDAQ:MOB – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.27) EPS for the quarter. The business had revenue of $0.86 million during the quarter. On average, sell-side analysts predict that Mobilicom Limited Sponsored ADR will post -1.13 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Mobilicom stock. International Assets Investment Management LLC bought a new position in Mobilicom Limited Sponsored ADR (NASDAQ:MOB – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,107 shares of the company’s stock, valued at approximately $140,000. International Assets Investment Management LLC owned approximately 0.24% of Mobilicom at the end of the most recent quarter. 13.56% of the stock is currently owned by institutional investors.
About Mobilicom
Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company that develops secure communication and cybersecurity solutions for drones, unmanned aerial systems, robotics and other autonomous platforms. Its products are designed to support reliable, long-range connectivity and protected data links in commercial, industrial, defense and public-safety applications.
The company offers a portfolio that includes airborne and ground communication systems, command-and-control solutions, network management software and cybersecurity technologies.
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