Mobix Labs (NASDAQ:MOBX) Trading Down 3.7%

Mobix Labs, Inc. (NASDAQ:MOBX) was down 3.7% during mid-day trading on Wednesday . The company traded as low as $0.99 and last traded at $1.04. Approximately 187,809 shares were traded during trading, a decline of 21% from the average daily volume of 238,677 shares. The stock had previously closed at $1.08.

Mobix Labs Trading Down 6.8 %

The stock’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.91.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $2.06 million for the quarter.

Hedge Funds Weigh In On Mobix Labs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors purchased a new stake in shares of Mobix Labs during the 1st quarter worth $255,000. Connective Capital Management LLC acquired a new stake in Mobix Labs during the 1st quarter worth $45,000. Finally, Wedbush Securities Inc. acquired a new stake in Mobix Labs during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.