Mobico Group (LON:MCG) Stock Price Down 6.4% – Here’s What Happened

Shares of Mobico Group Plc (LON:MCG) dropped 6.4% during mid-day trading on Monday . The stock traded as low as GBX 27.39 ($0.37) and last traded at GBX 27.48 ($0.37). Approximately 5,735,603 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 4,158,256 shares. The stock had previously closed at GBX 29.36 ($0.40).

Mobico Group Stock Down 6.4%

The firm has a market capitalization of £168.31 million, a P/E ratio of -1.19 and a beta of 1.60. The firm has a 50 day moving average of GBX 39.99 and a 200-day moving average of GBX 61.53.

Mobico Group (LON:MCG) last issued its quarterly earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.83)) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. As a group, research analysts expect that Mobico Group Plc will post 14.0227704 EPS for the current year.

Insider Activity at Mobico Group

In other news, insider Phil White acquired 330,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of GBX 29 ($0.39) per share, for a total transaction of £95,700 ($129,692.37). 26.06% of the stock is currently owned by corporate insiders.

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.