Mobile Infrastructure (NASDAQ:BEEP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Mobile Infrastructure Corporation (NASDAQ:BEEP)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.41 and traded as low as $2.32. Mobile Infrastructure shares last traded at $2.40, with a volume of 20,012 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Mobile Infrastructure from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.25.

Mobile Infrastructure Stock Performance

The firm has a fifty day moving average of $2.77 and a 200 day moving average of $2.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $99.12 million, a price-to-earnings ratio of -4.00 and a beta of 0.71.

Mobile Infrastructure (NASDAQ:BEEP) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Mobile Infrastructure had a negative return on equity of 11.25% and a negative net margin of 67.22%. The company had revenue of $8.89 million during the quarter. On average, sell-side analysts anticipate that Mobile Infrastructure Corporation will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobile Infrastructure

Large investors have recently made changes to their positions in the company. Concorde Asset Management LLC acquired a new position in shares of Mobile Infrastructure in the 2nd quarter valued at $63,000. Hodges Capital Management Inc. purchased a new stake in Mobile Infrastructure during the first quarter worth $46,000. Finally, Quadrant Capital Group LLC grew its position in Mobile Infrastructure by 11.9% during the third quarter. Quadrant Capital Group LLC now owns 50,369 shares of the company’s stock valued at $133,000 after buying an additional 5,364 shares during the period. 84.30% of the stock is currently owned by institutional investors and hedge funds.

Mobile Infrastructure Company Profile

Mobile Infrastructure Corporation (NASDAQ: BEEP) is a real estate company focused on owning, acquiring and managing parking infrastructure and related properties. Its portfolio includes parking garages, surface parking lots and other parking facilities that support transportation and commercial activity in urban and densely populated markets.

The company generally works with parking operators and other commercial partners to generate revenue from its properties. Its strategy is centered on providing access to strategically located parking assets in markets where land is limited and demand for convenient parking is supported by office, residential, retail, medical and entertainment uses.

Mobile Infrastructure was formed to build a diversified portfolio of parking facilities across the United States.