Mobility Global (NYSE:MBGL) Reaches New 12-Month Low - Here's Why

Key Points

• Mobility Global shares fell to a new 52-week low of $17.51, closing around $17.60 and trading below their 50-day moving average of $20.12.
• Analysts maintain a consensus “Hold” rating, with an average price target of $22.56; recent targets range from $22 to $23.
• The company reported quarterly EPS of $0.18 on $468 million in revenue and paid a $0.06 quarterly dividend, while insiders have purchased 50,000 shares over the past 90 days.

Shares of Mobility Global, Inc. (NYSE:MBGL - Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as $17.51 and last traded at $17.60, with a volume of 71610 shares changing hands. The stock had previously closed at $17.87.

Analyst Ratings Changes

MBGL has been the topic of several research reports. Royal Bank Of Canada initiated coverage on shares of Mobility Global in a research report on Thursday, July 2nd. They set a "sector perform" rating and a $23.00 price objective on the stock. UBS Group set a $23.00 price target on Mobility Global in a report on Thursday, July 2nd. Bank of America initiated coverage on Mobility Global in a research note on Friday, August 21st. They set a "neutral" rating and a $23.00 price objective for the company. Evercore assumed coverage on Mobility Global in a research report on Wednesday, September 9th. They set an "in-line" rating and a $22.00 price objective for the company. Finally, Robert W. Baird lowered their target price on Mobility Global from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.56.

Mobility Global Stock Down 1.0%

The stock has a market capitalization of $5.24 billion and a PE ratio of 98.36. The business has a fifty day moving average price of $20.12. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. On average, analysts expect that Mobility Global, Inc. will post 1.52 EPS for the current year.

Mobility Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 27th. Mobility Global's dividend payout ratio (DPR) is presently 133.33%.

Insider Activity at Mobility Global

In other news, Director Mark Peek purchased 15,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director directly owned 50,000 shares of the company's stock, valued at $993,500. The trade was a 42.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 50,000 shares of company stock worth $980,550.

Hedge Funds Weigh In On Mobility Global

Several hedge funds have recently bought and sold shares of MBGL. Advisors Preferred LLC purchased a new stake in Mobility Global during the second quarter worth $36,000. Citadel Advisors LLC acquired a new position in shares of Mobility Global during the 2nd quarter worth $279,000. Finally, Tidal Investments LLC purchased a new stake in shares of Mobility Global in the 2nd quarter worth about $11,253,000.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.

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