Mobix Labs (NASDAQ:MOBX) Shares Down 2.9%

Shares of Mobix Labs, Inc. (NASDAQ:MOBX) fell 2.9% on Thursday . The company traded as low as $1.69 and last traded at $1.83. 39,454 shares were traded during mid-day trading, a decline of 72% from the average session volume of 141,052 shares. The stock had previously closed at $1.88.

Mobix Labs Price Performance

The company’s 50-day simple moving average is $2.36.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.06 EPS for the quarter. The company had revenue of $1.15 million for the quarter.

Institutional Trading of Mobix Labs

An institutional investor recently bought a new position in Mobix Labs stock. Connective Capital Management LLC purchased a new stake in Mobix Labs, Inc. (NASDAQ:MOBX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,397 shares of the company’s stock, valued at approximately $45,000. Mobix Labs accounts for 0.1% of Connective Capital Management LLC’s holdings, making the stock its 21st biggest position. Connective Capital Management LLC owned approximately 0.09% of Mobix Labs at the end of the most recent quarter. 8.56% of the stock is currently owned by 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.