Mobilicom (NASDAQ:MOB) Shares Down 4.1% – Here’s What Happened

Mobilicom Limited (NASDAQ:MOB)’s share price dropped 4.1% during mid-day trading on Friday . The stock traded as low as $2.05 and last traded at $2.08. Approximately 65,364 shares changed hands during trading, a decline of 81% from the average daily volume of 343,950 shares. The stock had previously closed at $2.17.

Mobilicom Price Performance

The stock’s 50-day simple moving average is $3.11 and its 200 day simple moving average is $2.03. The company has a current ratio of 3.88, a quick ratio of 3.62 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new stake in Mobilicom during the fourth quarter worth approximately $39,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Mobilicom in the third quarter valued at approximately $149,000. Finally, Bard Associates Inc. increased its stake in shares of Mobilicom by 199.9% during the fourth quarter. Bard Associates Inc. now owns 624,496 shares of the company’s stock worth $2,379,000 after purchasing an additional 416,247 shares during the period. Institutional investors and hedge funds own 13.56% of the company’s stock.

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.