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Mobico Group (LON:MCG) Shares Down 40.8% - Time to Sell?

Mobico Group logo with Industrials background

Shares of Mobico Group Plc (LON:MCG - Get Free Report) dropped 40.8% during mid-day trading on Friday . The company traded as low as GBX 34.02 ($0.46) and last traded at GBX 34.89 ($0.47). Approximately 23,815,338 shares were traded during trading, an increase of 566% from the average daily volume of 3,574,240 shares. The stock had previously closed at GBX 58.95 ($0.79).

Mobico Group Price Performance

The stock's fifty day simple moving average is GBX 60.56 and its 200-day simple moving average is GBX 70.89. The company has a market capitalization of £205.67 million, a P/E ratio of -1.46 and a beta of 1.60.

About Mobico Group

(Get Free Report)

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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