Mobilicom (NASDAQ:MOB) Trading Down 6.9% – What’s Next?

Mobilicom Limited (NASDAQ:MOB)’s share price was down 6.9% on Tuesday . The company traded as low as $2.25 and last traded at $2.29. Approximately 30,292 shares traded hands during trading, a decline of 89% from the average daily volume of 274,100 shares. The stock had previously closed at $2.46.

Mobilicom Price Performance

The firm has a fifty day moving average of $2.52 and a 200-day moving average of $2.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 3.62.

Institutional Investors Weigh In On Mobilicom

Several hedge funds have recently modified their holdings of the stock. Garden State Investment Advisory Services LLC acquired a new stake in Mobilicom during the 3rd quarter valued at $149,000. Bard Associates Inc. grew its stake in shares of Mobilicom by 199.9% during the fourth quarter. Bard Associates Inc. now owns 624,496 shares of the company’s stock valued at $2,379,000 after acquiring an additional 416,247 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Mobilicom during the fourth quarter worth about $39,000. 13.56% of the stock is currently owned by hedge funds and other institutional investors.

Mobilicom Company Profile

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.