Mobility Global (NYSE:MBGL) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Mobility Global, Inc. (NYSE:MBGL) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $19.03 and traded as high as $19.77. Mobility Global shares last traded at $19.6190, with a volume of 2,935,183 shares traded.

Wall Street Analyst Weigh In

MBGL has been the topic of a number of research reports. Barclays began coverage on shares of Mobility Global in a report on Tuesday, September 1st. They issued an “equal weight” rating and a $23.00 target price on the stock. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Wall Street Zen raised Mobility Global to a “hold” rating in a research note on Saturday, July 18th. Citigroup assumed coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mobility Global presently has a consensus rating of “Hold” and an average price target of $22.20.

Mobility Global Trading Up 3.7%

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.81 billion and a price-to-earnings ratio of 108.99. The company has a fifty day moving average price of $19.03.

Mobility Global (NYSE:MBGL) last announced its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $468.00 million during the quarter. On average, analysts predict that Mobility Global, Inc. will post 1.52 EPS for the current fiscal year.

Mobility Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, November 30th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 30th. Mobility Global’s dividend payout ratio (DPR) is presently 133.33%.

Insiders Place Their Bets

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

Institutional Trading of Mobility Global

A number of hedge funds have recently modified their holdings of MBGL. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Mobility Global in the third quarter worth $29,554,000. Ninety One UK Ltd acquired a new stake in Mobility Global during the third quarter worth approximately $15,245,000. Fenimore Asset Management Inc acquired a new position in shares of Mobility Global during the 3rd quarter worth approximately $10,435,000. Tidal Investments LLC acquired a new stake in shares of Mobility Global during the 2nd quarter worth $11,253,000. Finally, Douglas Lane & Associates LLC bought a new position in Mobility Global in the third quarter valued at approximately $2,139,000.

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.