Mobilicom (NASDAQ:MOB) Trading Down 4% – Time to Sell?

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) shares fell 4% during mid-day trading on Monday . The company traded as low as $4.58 and last traded at $4.60. 169,749 shares traded hands during trading, an increase of 11% from the average daily volume of 152,310 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Mobilicom from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Mobilicom Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.15 and a current ratio of 10.77. The firm has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $5.59.

Mobilicom (NASDAQ:MOB) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.27) EPS for the quarter. The company had revenue of $0.86 million during the quarter. On average, analysts predict that Mobilicom Limited Sponsored ADR will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobilicom

Several institutional investors and hedge funds have recently made changes to their positions in the business. FourWorld Capital Management LLC bought a new position in Mobilicom during the 1st quarter valued at $103,000. Apis Capital Advisors LLC grew its holdings in Mobilicom by 83.5% during the 4th quarter. Apis Capital Advisors LLC now owns 110,080 shares of the company’s stock worth $671,000 after acquiring an additional 50,080 shares in the last quarter. Finally, T3 Companies LLC bought a new stake in shares of Mobilicom in the 4th quarter worth about $343,000. 13.56% of the stock is currently owned by hedge funds and other institutional investors.

About Mobilicom

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.