Mobix Labs (NASDAQ:MOBX) Stock Price Down 7.2%

Mobix Labs, Inc. (NASDAQ:MOBX) dropped 7.2% on Thursday . The company traded as low as $3.00 and last traded at $3.08. Approximately 68,674 shares changed hands during trading, a decline of 62% from the average daily volume of 181,430 shares. The stock had previously closed at $3.32.

Mobix Labs Stock Down 2.3 %

The business’s 50-day moving average price is $2.21.

Mobix Labs (NASDAQ:MOBX) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $0.29 million for the quarter.

Hedge Funds Weigh In On Mobix Labs

An institutional investor recently bought a new position in Mobix Labs stock. Vanguard Capital Wealth Advisors purchased a new stake in shares of Mobix Labs, Inc. (NASDAQ:MOBX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 127,000 shares of the company’s stock, valued at approximately $255,000. Vanguard Capital Wealth Advisors owned 0.49% of Mobix Labs at the end of the most recent reporting period. 8.56% of the stock is owned by hedge funds and other institutional investors.

Mobix Labs Company Profile

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.