Mobico Group (LON:MCG) Trading Down 16.6% – Time to Sell?

Mobico Group Plc (LON:MCG) shares fell 16.6% during mid-day trading on Tuesday . The stock traded as low as GBX 24.30 ($0.33) and last traded at GBX 26.97 ($0.37). 62,046,184 shares were traded during mid-day trading, an increase of 1,094% from the average session volume of 5,195,921 shares. The stock had previously closed at GBX 32.34 ($0.44).

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price target on Mobico Group from GBX 66 to GBX 35 and set a “hold” rating on the stock in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 35.

Mobico Group Price Performance

The business has a 50-day moving average of GBX 33.70 and a 200-day moving average of GBX 41.07. The firm has a market cap of £163.69 million, a price-to-earnings ratio of -19.90 and a beta of 1.60.

Mobico Group (LON:MCG) last released its earnings results on Tuesday, September 9th. The company reported GBX 3.80 earnings per share (EPS) for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. As a group, equities analysts anticipate that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

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.