Mobiquity Technologies (NASDAQ:MOBQ) Trading Down 6.8% – Here’s Why

Mobiquity Technologies, Inc. (NASDAQ:MOBQ)’s share price traded down 6.8% during trading on Thursday . The company traded as low as $2.66 and last traded at $2.66. 2,247 shares traded hands during trading, a decline of 89% from the average session volume of 21,210 shares. The stock had previously closed at $2.85.

Mobiquity Technologies Stock Down 6.8 %

The firm has a market cap of $43.84 million, a PE ratio of -1.89 and a beta of 1.18. The company has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $2.07.

Mobiquity Technologies (NASDAQ:MOBQ) last released its earnings results on Monday, August 12th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.27 million for the quarter. Mobiquity Technologies had a negative return on equity of 243.02% and a negative net margin of 399.11%.

Mobiquity Technologies Company Profile

Mobiquity Technologies, Inc, together with its subsidiaries, operates as an advertising technology, data compliance, and intelligence company in the United States. It provides advertising technology operating system platform comprising adserver, demand side platform, advertisement quality tools, analytics dashboard, avails engine, advertisement prediction and delivery tools, supply quality tools, private marketplace tools, audience and location targeting, wrap up reports, an advertisement software development kit, prebid adaptor, contextual targeting, identity graph capabilities, cookie syncing, and the updated version of a quality and security tools that blends artificial intelligence and machine learning-based optimization technology which automatically serves advertising and manages digital advertising inventory and campaigns.