Mobilicom (NASDAQ:MOB) Trading 2.9% Higher – Should You Buy?

Mobilicom Limited (NASDAQ:MOB)’s share price traded up 2.9% during mid-day trading on Wednesday . The company traded as high as $1.45 and last traded at $1.40. 23,535 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 80,351 shares. The stock had previously closed at $1.36.

Mobilicom Trading Up 2.9 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.62 and a current ratio of 3.88. The company’s 50-day moving average is $1.15 and its 200 day moving average is $1.04.

Institutional Trading of Mobilicom

A hedge fund recently bought a new stake in Mobilicom stock. CVI Holdings LLC bought a new position in Mobilicom Limited (NASDAQ:MOB) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 179,060 shares of the company’s stock, valued at approximately $213,000. CVI Holdings LLC owned 3.71% of Mobilicom at the end of the most recent quarter. Institutional investors own 13.56% of the company’s stock.

About Mobilicom

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.