MobilityOne (LON:MBO) Shares Up 50% – Here’s Why

Shares of MobilityOne Limited (LON:MBO) rose 50% during mid-day trading on Tuesday . The stock traded as high as GBX 9.33 and last traded at GBX 9. Approximately 2,694,764 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 3,613,138 shares. The stock had previously closed at GBX 6.

MobilityOne Stock Performance

The company has a market capitalization of £8.96 million, a price-to-earnings ratio of -3.08 and a beta of 4.06. The stock’s 50 day moving average price is GBX 6.45 and its 200 day moving average price is GBX 3.35. The company has a current ratio of 0.57, a quick ratio of 1.12 and a debt-to-equity ratio of -577.56.

About MobilityOne

MobilityOne Limited, an investment holding company, provides e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions in Malaysia. It operates through two segments, Telecommunication Services and Electronic Commerce Solutions; and Hardware. The company offers payment terminals for retailers, which enables bill payments, mobile and e-games top-ups, loan repayments, credit and ATM card payments, cashbacks, and e-wallets payments; mobile payment applications; and payment solution products and services, such as bill and loan collection, e-voucher distribution, local and federal government payment, and other recurring payment services for corporates.