Mobilicom (NASDAQ:MOB) Trading Up 8% – Still a Buy?

Mobilicom Limited (NASDAQ:MOB) shot up 8% during trading on Tuesday . The stock traded as high as $4.13 and last traded at $3.92. 516,161 shares changed hands during trading, an increase of 129% from the average session volume of 225,352 shares. The stock had previously closed at $3.63.

Mobilicom Stock Performance

The stock has a 50 day moving average of $1.86 and a two-hundred day moving average of $1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 3.62.

Institutional Trading of Mobilicom

An institutional investor recently bought a new position in Mobilicom stock. Garden State Investment Advisory Services LLC acquired a new stake in Mobilicom Limited (NASDAQ:MOB) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 137,000 shares of the company’s stock, valued at approximately $149,000. Garden State Investment Advisory Services LLC owned 2.16% of Mobilicom as of its most recent filing with the SEC. 13.56% of the stock is currently owned by institutional investors and hedge funds.

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.