Mobico Group (LON:MCG) Stock Price Down 40.9% – Here’s Why

Shares of Mobico Group Plc (LON:MCGGet Free Report) fell 40.9% on Saturday . The company traded as low as GBX 34.02 ($0.45) and last traded at GBX 34.82 ($0.46). 26,666,250 shares were traded during mid-day trading, an increase of 638% from the average session volume of 3,611,600 shares. The stock had previously closed at GBX 58.95 ($0.78).

Mobico Group Trading Down 40.9 %

The company has a market cap of £213.27 million, a price-to-earnings ratio of -1.51 and a beta of 1.60. The stock has a 50-day simple moving average of GBX 61.29 and a 200-day simple moving average of GBX 71.16.

About Mobico Group

(Get Free Report)

Mobico Group is a leading international transport operator, diversified internationally and by business area; with operations in North America, continental Europe, the UK and North Africa.

We provide safe, efficient, clean and reliable shared mobility solutions to cities, businesses, education, healthcare and customers.

We are internationally diversified with a balanced portfolio of high quality contracts and market-leading customer brands.

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