Mobico Group (LON:MCG) Shares Down 40.9% - Here's Why

Mobico Group Plc (LON:MCG - Get Free Report) traded down 40.9% during mid-day trading on Saturday . The company traded as low as GBX 34.02 ($0.45) and last traded at GBX 34.82 ($0.46). 26,666,250 shares traded hands during mid-day trading, an increase of 638% from the average session volume of 3,611,600 shares. The stock had previously closed at GBX 58.95 ($0.78).

Mobico Group Stock Down 40.9 %

The company's 50-day simple moving average is GBX 61.29 and its 200 day simple moving average is GBX 71.16. The company has a market capitalization of £213.27 million, a P/E ratio of -1.51 and a beta of 1.60.

About Mobico Group

Mobico Group is a leading international transport operator, diversified internationally and by business area; with operations in North America, continental Europe, the UK and North Africa. We provide safe, efficient, clean and reliable shared mobility solutions to cities, businesses, education, healthcare and customers. We are internationally diversified with a balanced portfolio of high quality contracts and market-leading customer brands.

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