Mobile Tornado Group (LON:MBT) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Mobile Tornado Group plc (LON:MBT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.57 ($0.02) and traded as low as GBX 1.40 ($0.02). Mobile Tornado Group shares last traded at GBX 1.48 ($0.02), with a volume of 168 shares trading hands.

Mobile Tornado Group Stock Performance

The company has a market capitalization of £5.85 million, a P/E ratio of -10.50 and a beta of 1.73. The company’s fifty day moving average is GBX 1.54 and its 200 day moving average is GBX 1.57.

Insider Transactions at Mobile Tornado Group

In other news, insider Luke Wilkinson acquired 680,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £6,800 ($8,447.20). Corporate insiders own 70.63% of the company’s stock.

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.