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Mobico Group (LON:MCG) Stock Price Down 40.9% - Here's What Happened

Mobico Group logo with Industrials background

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

Mobico Group Price Performance

The stock has a 50-day moving average price of GBX 61.29 and a 200-day moving average price of GBX 71.16. The firm has a market capitalization of £213.27 million, a PE ratio of -1.51 and a beta of 1.60.

About Mobico Group

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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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