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% during mid-day trading on Saturday . The stock 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 Up 2.1 %

The stock 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 fifty 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 released its earnings results on Tuesday, April 29th. The company reported GBX (134.80) (($1.80)) earnings per share 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, research analysts expect that Mobico Group Plc will post 14.0227704 earnings per share 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.