Mobilicom (NASDAQ:MOB) Stock Price Down 6.9% – Should You Sell?

Mobilicom Limited (NASDAQ:MOB) shares traded down 6.9% during trading on Tuesday . The stock traded as low as $2.25 and last traded at $2.29. 30,292 shares were traded during mid-day trading, a decline of 89% from the average session volume of 274,100 shares. The stock had previously closed at $2.46.

Mobilicom Stock Down 3.7 %

The stock has a fifty day moving average price of $2.52 and a two-hundred day moving average price 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

A number of institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC acquired a new stake in Mobilicom in the fourth quarter worth $39,000. Garden State Investment Advisory Services LLC bought a new position in Mobilicom in the 3rd quarter worth about $149,000. Finally, Bard Associates Inc. increased its stake in shares of Mobilicom by 199.9% in the fourth quarter. Bard Associates Inc. now owns 624,496 shares of the company’s stock valued at $2,379,000 after purchasing an additional 416,247 shares during the period. Institutional investors own 13.56% of the company’s stock.

About Mobilicom

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.