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

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

Mobico Group Stock Performance

The firm has a market capitalization of £194.53 million, a P/E ratio of -1.38 and a beta of 1.60. The company has a 50-day moving average price of GBX 59.04 and a 200-day moving average price of GBX 70.33.

Mobico Group (LON:MCG - Get Free Report) last posted its quarterly 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 return on equity of 13.71% and a negative net margin of 4.36%. Equities analysts predict that Mobico Group Plc will post 14.0227704 EPS for the current year.

Mobico Group Company Profile

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.