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

Key Points

• Mobico Group Plc's stock price fell by 21% on Tuesday, closing at GBX 25.55 ($0.35) after reaching a low of GBX 24.30 ($0.33).
• Berenberg Bank maintained a "hold" rating with a price target of GBX 35, while the consensus rating for the stock remains a hold.
• The company reported a negative return on equity of 13.71% and a net margin of -4.36%, indicating financial struggles.

Mobico Group Plc (LON:MCG - Get Free Report)'s stock price fell 21% 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 were traded 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).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 35 price objective on shares of Mobico Group in a research report on Tuesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 35.

Mobico Group Stock Down 21.0%

The company has a market cap of £155.96 million, a P/E ratio of -18.96 and a beta of 1.60. The business has a fifty day moving average of GBX 33.70 and a 200 day moving average of GBX 41.07.

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%. On average, sell-side analysts anticipate that Mobico Group Plc will post 14.0227704 EPS for the current fiscal 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.

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