Mobico Group (LON:MCG) Stock Price Down 21% - Should You Sell?

Key Points

• Mobico Group Plc shares fell 21% recently, trading as low as GBX 24.30, and saw trading volume spike to approximately 46 million shares.
• The company has a market cap of £155.96 million and reported a negative return on equity of 13.71%.
• Analysts maintain a "hold" rating for Mobico Group with a consensus target price set at GBX 35.

Mobico Group Plc (LON:MCG - Get Free Report) fell 21% during trading on Tuesday . The company traded as low as GBX 24.30 ($0.33) and last traded at GBX 25.55 ($0.35). 46,315,023 shares changed hands during mid-day trading, an increase of 807% from the average session volume of 5,105,512 shares. The stock had previously closed at GBX 32.34 ($0.44).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 35 price target on shares of Mobico Group in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Mobico Group currently has a consensus rating of "Hold" and a consensus target price of GBX 35.

Mobico Group Trading Up 2.2%

The business has a 50-day simple moving average of GBX 33.46 and a 200 day simple moving average of GBX 40.10. The stock has a market cap of £171.51 million, a P/E ratio of -20.85 and a beta of 1.60.

Mobico Group (LON:MCG - Get Free Report) last announced its earnings results on Tuesday, September 9th. The company reported GBX 3.80 EPS for the quarter. Mobico Group had a negative return on equity of 13.71% and a negative net margin of 4.36%. As a group, equities analysts expect that Mobico Group Plc will post 14.0227704 earnings per share 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.