TomTom (OTCMKTS:TMOAF) Shares Down 8.4% – Should You Sell?

TomTom (OTCMKTS:TMOAF)’s stock price traded down 8.4% on Monday . The company traded as low as $7.2350 and last traded at $7.2350. 168 shares were traded during mid-day trading, a decline of 69% from the average session volume of 534 shares. The stock had previously closed at $7.90.

TomTom Trading Down 8.4%

The company’s 50-day moving average is $6.73 and its 200-day moving average is $6.50.

TomTom Company Profile

TomTom NV is a Netherlands-based technology company specializing in navigation, mapping and location-based services for consumer, automotive and enterprise customers. The company’s core offerings include digital map content, real-time traffic information and software solutions for advanced driver assistance systems (ADAS), telematics and fleet management. TomTom’s consumer division also produces portable GPS devices, sports watches and mobile applications, catering to individual users seeking personal navigation solutions.

Founded in 1991 by Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux, TomTom introduced its first consumer navigation device in 2004 and expanded its footprint through the acquisition of map provider Tele Atlas in 2008.