MobilityOne (LON:MBO) Stock Price Up 24.2% – Here’s What Happened

MobilityOne Limited (LON:MBO) shot up 24.2% during trading on Wednesday . The stock traded as high as GBX 5.90 and last traded at GBX 5.90. 711,640 shares traded hands during trading, a decline of 88% from the average session volume of 6,115,251 shares. The stock had previously closed at GBX 4.75.

MobilityOne Stock Performance

The business’s fifty day moving average is GBX 3.60 and its 200-day moving average is GBX 1.96. The company has a quick ratio of 1.12, a current ratio of 0.63 and a debt-to-equity ratio of 432.56. The company has a market cap of £6.11 million, a PE ratio of -2.10 and a beta of 2.45.

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.