Mobilicom (NASDAQ:MOB) Stock Price Down 4.5% – Time to Sell?

Mobilicom Limited Sponsored ADR (NASDAQ:MOB)’s stock price fell 4.5% during trading on Monday. The company traded as low as $3.99 and last traded at $4.02. Approximately 169,713 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 117,835 shares. The stock had previously closed at $4.21.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Mobilicom from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Mobilicom Stock Performance

The company has a quick ratio of 10.15, a current ratio of 10.77 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.47.

Mobilicom (NASDAQ:MOB) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.27) earnings per share for the quarter. The firm had revenue of $0.86 million for the quarter. On average, research analysts anticipate that Mobilicom Limited Sponsored ADR will post -0.05 earnings per share for the current year.

Institutional Trading of Mobilicom

A number of large investors have recently made changes to their positions in MOB. FourWorld Capital Management LLC purchased a new position in shares of Mobilicom in the 1st quarter worth approximately $103,000. T3 Companies LLC bought a new stake in Mobilicom in the fourth quarter worth $343,000. Finally, Apis Capital Advisors LLC boosted its stake in Mobilicom by 83.5% during the fourth quarter. Apis Capital Advisors LLC now owns 110,080 shares of the company’s stock worth $671,000 after buying an additional 50,080 shares during the period. 13.56% of the stock is currently owned by institutional investors.

Mobilicom Company Profile

Mobilicom Ltd. is an Israel-based technology company that develops cybersecurity and communications solutions for unmanned and autonomous systems. Its products are designed to support drones, unmanned aerial vehicles, robotics and other remotely operated platforms used in defense, homeland security and commercial applications.

The company’s portfolio includes secure command-and-control, data-link and communication systems intended to provide reliable connectivity, situational awareness and protection against cyber threats in complex operating environments.