Mobilicom (NASDAQ:MOB) Shares Down 0.4%

Mobilicom Limited (NASDAQ:MOB) shares dropped 0.4% during trading on Thursday . The stock traded as low as $1.13 and last traded at $1.16. Approximately 21,652 shares traded hands during trading, a decline of 86% from the average daily volume of 158,163 shares. The stock had previously closed at $1.17.

Mobilicom Price Performance

The company has a 50 day moving average of $1.02 and a 200 day moving average of $1.04. The company has a quick ratio of 3.46, a current ratio of 3.88 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Mobilicom

An institutional investor recently bought a new position in Mobilicom stock. CVI Holdings LLC bought a new stake in Mobilicom Limited (NASDAQ:MOB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 179,060 shares of the company’s stock, valued at approximately $213,000. CVI Holdings LLC owned approximately 3.71% of Mobilicom as of its most recent SEC filing. 13.56% of the stock is owned by hedge funds and other institutional investors.

Mobilicom Company Profile

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.