Mobiquity Technologies (NASDAQ:MOBQ) Shares Down 5.2% – Here’s What Happened

Shares of Mobiquity Technologies, Inc. (NASDAQ:MOBQ) dropped 5.2% during trading on Tuesday . The company traded as low as $3.30 and last traded at $3.40. Approximately 13,795 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 20,326 shares. The stock had previously closed at $3.59.

Mobiquity Technologies Price Performance

The company has a fifty day moving average price of $3.31 and a 200 day moving average price of $2.73. The company has a market capitalization of $59.19 million, a P/E ratio of -3.04 and a beta of 1.33.

About Mobiquity Technologies

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.