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

Mobico Group Plc (LON:MCG)’s stock price fell 40.9% during mid-day trading on Friday . The stock 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 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 Stock Down 40.9 %

The business has a 50 day moving average price of GBX 61.29 and a 200 day moving average price of GBX 71.16. The stock has a market cap of £213.27 million, a P/E ratio of -1.51 and a beta of 1.60.

About Mobico Group

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.