Mobilicom (NASDAQ:MOB) Trading Up 8% – Here’s Why

Mobilicom Limited (NASDAQ:MOBGet Free Report)’s stock price rose 8% during mid-day trading on Tuesday . The stock traded as high as $4.13 and last traded at $3.92. Approximately 516,161 shares traded hands during trading, an increase of 129% from the average daily volume of 225,352 shares. The stock had previously closed at $3.63.

Mobilicom Stock Up 8.0 %

The business has a 50-day moving average of $1.86 and a 200-day moving average of $1.31. 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 Investors Weigh In On Mobilicom

An institutional investor recently bought a new position in Mobilicom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Mobilicom Limited (NASDAQ:MOBFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 137,000 shares of the company’s stock, valued at approximately $149,000. Garden State Investment Advisory Services LLC owned approximately 2.16% of Mobilicom as of its most recent filing with the SEC. Institutional investors own 13.56% of the company’s stock.

About Mobilicom

(Get Free Report)

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.

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