IMImobile (LON:IMO) Shares Pass Below 200 Day Moving Average – Time to Sell?

IMImobile PLC (LON:IMO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 594 ($7.50) and traded as low as GBX 594 ($7.50). IMImobile shares last traded at GBX 594 ($7.50), with a volume of 435,007 shares changing hands.

IMImobile Price Performance

The business’s 50 day moving average price is GBX 594 and its 200-day moving average price is GBX 594. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 45.14. The company has a market cap of £490.40 million and a PE ratio of 123.75.

About IMImobile

IMImobile PLC provides cloud communications software and solutions in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. Its solutions enable enterprises to automate digital customer communications and interactions to enhance customer experience and reduce operating costs. The company's cloud communication products include IMIconnect, an enterprise communications platform as a service offering that helps businesses to create and launch omnichannel customer journeys using a visual flowchart builder and pre-configured integrations; IMIchat, a cloud contact centre application, which allows contact centre agents to interact with customers across all digital and mobile messaging channels; and IMIcampaign, a multichannel marketing automation product that allows businesses to automate, personalize, and contextualize their customer communications at scale using a mobile first approach.