Mobile Tornado Group (LON:MBT) Trading Down 12.7% – What’s Next?

Mobile Tornado Group plc (LON:MBT) shares were down 12.7% on Tuesday . The company traded as low as GBX 1.31 ($0.02) and last traded at GBX 1.44 ($0.02). Approximately 548,059 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 313,402 shares. The stock had previously closed at GBX 1.65 ($0.02).

Mobile Tornado Group Price Performance

The stock has a market cap of £6.00 million, a PE ratio of -10.50 and a beta of 1.73. The stock’s fifty day moving average is GBX 1.54 and its 200-day moving average is GBX 1.61.

Insider Transactions at Mobile Tornado Group

In other Mobile Tornado Group news, insider Luke Wilkinson bought 680,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £6,800 ($8,667.94). Company insiders own 70.63% of the company’s stock.

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.