Mobilicom (NASDAQ:MOB) Trading Down 4.1% – What’s Next?

Mobilicom Limited (NASDAQ:MOB) traded down 4.1% during mid-day trading on Friday . The company traded as low as $2.05 and last traded at $2.08. 65,364 shares were traded during trading, a decline of 81% from the average session volume of 343,950 shares. The stock had previously closed at $2.17.

Mobilicom Stock Performance

The company has a current ratio of 3.88, a quick ratio of 3.62 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $3.11 and a 200-day moving average of $2.02.

Hedge Funds Weigh In On Mobilicom

A number of hedge funds and other institutional investors have recently made changes to their positions in MOB. Two Sigma Securities LLC purchased a new position in shares of Mobilicom during the fourth quarter worth about $39,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Mobilicom during the third quarter worth about $149,000. Finally, Bard Associates Inc. grew its holdings in shares of Mobilicom by 199.9% during the fourth quarter. Bard Associates Inc. now owns 624,496 shares of the company’s stock worth $2,379,000 after buying an additional 416,247 shares during the last quarter. Hedge funds and other 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.