Vodacom Group Limited (OTCMKTS:VDMCY – Get Free Report) rose 2.5% on Monday. The company traded as high as $10.24 and last traded at $10.20. 27,004 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 35,190 shares. The stock had previously closed at $9.95.
Vodacom Group Stock Performance
The stock has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $9.39.
Vodacom Group Company Profile
Vodacom Group is a telecommunications and digital services company headquartered in South Africa. It began providing mobile services in South Africa in 1994 and is part of the Vodafone Group.
The company offers mobile voice and data, fixed broadband, and enterprise connectivity services. Its digital offerings include financial services through M-Pesa, which supports mobile payments and related services in several markets.
Vodacom serves customers in South Africa and other African markets, including the Democratic Republic of the Congo, Egypt, Lesotho, Mozambique, and Tanzania.
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