Shares of TomTom (OTCMKTS:TMOAY – Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.69 and traded as low as $2.66. TomTom shares last traded at $2.66, with a volume of 6,600 shares traded.
TomTom Trading Down 3.3%
The firm’s 50-day moving average price is $2.69 and its two-hundred day moving average price is $2.91.
About TomTom
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.
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