Mobilicom (NASDAQ:MOB) Now Covered by Litchfield Hills Research

Litchfield Hills Research assumed coverage on shares of Mobilicom (NASDAQ:MOB) in a report released on Tuesday morning,Benzinga reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Separately, Wall Street Zen raised shares of Mobilicom from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.00.

Mobilicom Stock Performance

MOB stock opened at $5.81 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.15 and a current ratio of 6.94. Mobilicom has a twelve month low of $0.85 and a twelve month high of $6.60. The stock’s 50 day moving average is $3.76 and its 200-day moving average is $2.63.

Hedge Funds Weigh In On Mobilicom

Institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new stake in Mobilicom during the first quarter worth about $30,000. Ground Swell Capital LLC bought a new position in shares of Mobilicom during the 1st quarter valued at approximately $39,000. Corsair Capital Management L.P. purchased a new stake in shares of Mobilicom during the 2nd quarter worth approximately $50,000. Jane Street Group LLC bought a new stake in shares of Mobilicom in the 2nd quarter worth approximately $184,000. Finally, Bard Associates Inc. raised its holdings in shares of Mobilicom by 2.4% in the 1st quarter. Bard Associates Inc. now owns 639,496 shares of the company’s stock worth $1,055,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 13.56% of the company’s stock.

About Mobilicom

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.