Mobile Tornado Group (LON:MBT) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Mobile Tornado Group plc (LON:MBT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.58 ($0.02) and traded as low as GBX 1.37 ($0.02). Mobile Tornado Group shares last traded at GBX 1.37 ($0.02), with a volume of 92,599 shares traded.

Mobile Tornado Group Trading Up 1.5 %

The firm has a 50 day moving average price of GBX 1.53 and a 200-day moving average price of GBX 1.58. The firm has a market cap of £5.72 million, a PE ratio of -10.50 and a beta of 1.73.

Insider Buying and Selling

In other news, insider Luke Wilkinson acquired 680,000 shares of Mobile Tornado Group stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £6,800 ($8,521.30). 70.63% of the stock is owned by company insiders.

About Mobile Tornado Group

Mobile Tornado Group plc provides instant communication mobile applications in the United Kingdom and internationally. The company offers Push-to-Talk solution (PTT) that provides one-to-one calls or broadcast to a large group with a single push of a button; and PTT Mobile Device Management provides secure communications, and prevents end-users from changing device configuration, or change device settings.