Mobiquity Technologies (NASDAQ:MOBQ) Stock Falls 5% – Here’s What Happened

Mobiquity Technologies, Inc. (NASDAQ:MOBQ) traded down 5% during mid-day trading on Thursday. The company traded as low as $0.38 and last traded at $0.38. Approximately 24,760 shares changed hands during trading, a decline of 59% from the average daily volume of 60,172 shares. The stock had previously closed at $0.40.

Mobiquity Technologies Trading Down 2.6%

The company has a fifty day moving average price of $0.60 and a two-hundred day moving average price of $0.78. The firm has a market cap of $12.29 million, a P/E ratio of -0.33 and a beta of 2.05.

About Mobiquity Technologies

Mobiquity Technologies, Inc is an advertising technology company that provides data-driven marketing and media solutions. Its business is focused on helping brands and agencies identify, reach and measure target audiences across digital advertising channels.

The company’s technology supports programmatic advertising and audience targeting across mobile, web, connected television, audio and digital out-of-home media. Its offerings may incorporate location intelligence and other data-based tools to help advertisers deliver relevant campaigns and evaluate campaign performance.

Mobiquity Technologies primarily serves advertisers, advertising agencies and media partners through its advertising technology platform and related services.