Mobico Group (LON:MCG) Shares Down 40.9% - Here's Why

Shares of Mobico Group Plc (LON:MCG - Get Free Report) traded down 40.9% during trading on Saturday . The company traded as low as GBX 34.02 ($0.45) and last traded at GBX 34.82 ($0.46). 26,666,250 shares changed hands during mid-day trading, an increase of 638% from the average session volume of 3,611,600 shares. The stock had previously closed at GBX 58.95 ($0.79).

Mobico Group Stock Up 2.1 %

The firm has a market cap of £194.53 million, a price-to-earnings ratio of -1.38 and a beta of 1.60. The stock has a 50 day moving average of GBX 59.04 and a 200 day moving average of GBX 70.33.

Mobico Group (LON:MCG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.80)) earnings per share (EPS) for the quarter. Mobico Group had a negative net margin of 4.36% and a negative return on equity of 13.71%. As a group, analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current fiscal year.

About Mobico Group

Mobico Group is a leading international transport operator, diversified internationally and by business area; with operations in North America, continental Europe, the UK and North Africa. We provide safe, efficient, clean and reliable shared mobility solutions to cities, businesses, education, healthcare and customers. We are internationally diversified with a balanced portfolio of high quality contracts and market-leading customer brands.