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

Shares of Mobix Labs, Inc. (NASDAQ:MOBX) were down 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 company’s 50 day simple moving average is $2.21.

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

Institutional Trading of Mobix Labs

An institutional investor recently bought a new position in Mobix Labs stock. Vanguard Capital Wealth Advisors acquired a new stake in Mobix Labs, Inc. (NASDAQ:MOBX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 127,000 shares of the company’s stock, valued at approximately $255,000. Vanguard Capital Wealth Advisors owned about 0.49% of Mobix Labs at the end of the most recent quarter. 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.