20,000 Shares in Mobilicom Limited Sponsored ADR $MOB Acquired by Corsair Capital Management L.P.

Corsair Capital Management L.P. acquired a new position in shares of Mobilicom Limited Sponsored ADR (NASDAQ:MOB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $50,000. Corsair Capital Management L.P. owned 0.27% of Mobilicom as of its most recent SEC filing.

Separately, Bard Associates Inc. boosted its position in shares of Mobilicom by 2.4% in the first quarter. Bard Associates Inc. now owns 639,496 shares of the company’s stock worth $1,055,000 after buying an additional 15,000 shares during the period. 13.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MOB shares. Wall Street Zen upgraded Mobilicom from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Zacks Research upgraded Mobilicom to a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a report on Wednesday, October 8th. Litchfield Hills Research began coverage on shares of Mobilicom in a report on Tuesday, September 2nd. They set a “buy” rating and a $2,750.00 price objective for the company. Finally, ThinkEquity restated a “buy” rating on shares of Mobilicom in a research note on Monday, October 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mobilicom currently has an average rating of “Hold” and an average target price of $2,750.00.

Mobilicom Trading Up 10.1%

MOB opened at $6.64 on Friday. The company has a current ratio of 6.94, a quick ratio of 6.15 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $762.25 and its 200 day moving average price is $911.08. Mobilicom Limited Sponsored ADR has a fifty-two week low of $1.31 and a fifty-two week high of $11.02.

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.