Mobile Tornado Group (LON:MBT) Shares Down 12% – What’s Next?

Mobile Tornado Group plc (LON:MBT) was down 12% during trading on Tuesday . The company traded as low as GBX 1.32 ($0.02) and last traded at GBX 1.32 ($0.02). Approximately 177,681 shares changed hands during trading, a decline of 47% from the average daily volume of 337,100 shares. The stock had previously closed at GBX 1.50 ($0.02).

Mobile Tornado Group Stock Performance

The stock has a fifty day moving average of GBX 1.36 and a two-hundred day moving average of GBX 1.55. The stock has a market capitalization of £5.85 million, a price-to-earnings ratio of -10.50 and a beta of 1.73.

Insider Activity

In related news, insider Luke Wilkinson purchased 680,000 shares of Mobile Tornado Group stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £6,800 ($8,828.88). 70.63% of the stock is currently owned by corporate insiders.

Mobile Tornado Group Company Profile

Mobile Tornado Group plc provides instant communication mobile applications in the United Kingdom and internationally. The company offers Push-to-Talk solution (PTT) that provides one-to-one calls or broadcast to a large group with a single push of a button; and PTT Mobile Device Management provides secure communications, and prevents end-users from changing device configuration, or change device settings.