Mobilicom (NASDAQ:MOB) Upgraded at Zacks Research

Zacks Research upgraded shares of Mobilicom (NASDAQ:MOB) to a hold rating in a report released on Wednesday,Zacks.com reports.

MOB has been the topic of a number of other reports. Wall Street Zen upgraded shares of Mobilicom from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Litchfield Hills Research started coverage on shares of Mobilicom in a report on Tuesday. They set a “buy” rating and a $10.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Mobilicom Stock Up 7.6%

Mobilicom stock opened at $6.10 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15. The company’s 50-day moving average is $3.94 and its 200 day moving average is $2.69. Mobilicom has a 1-year low of $0.85 and a 1-year high of $6.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bard Associates Inc. grew its holdings in shares of Mobilicom by 2.4% in the first quarter. Bard Associates Inc. now owns 639,496 shares of the company’s stock valued at $1,055,000 after purchasing an additional 15,000 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Mobilicom in the 2nd quarter valued at $184,000. Ground Swell Capital LLC purchased a new stake in Mobilicom in the 1st quarter valued at $39,000. Corsair Capital Management L.P. purchased a new stake in Mobilicom in the 2nd quarter valued at $50,000. Finally, PFG Investments LLC purchased a new position in Mobilicom during the 1st quarter worth $30,000. Institutional investors and hedge funds own 13.56% of the company’s stock.

Mobilicom Company Profile

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.