Mobix Labs (NASDAQ:MOBX) Shares Down 6.2% – Here’s Why

Mobix Labs, Inc. (NASDAQ:MOBX)’s stock price traded down 6.2% during mid-day trading on Thursday . The stock traded as low as $0.58 and last traded at $0.58. 214,462 shares were traded during mid-day trading, an increase of 1% from the average session volume of 212,149 shares. The stock had previously closed at $0.62.

Mobix Labs Stock Performance

The company has a 50-day moving average of $0.82 and a two-hundred day moving average of $1.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MOBX. Geode Capital Management LLC grew its holdings in shares of Mobix Labs by 29.8% during the third quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock valued at $214,000 after buying an additional 46,237 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Mobix Labs during the 2nd quarter valued at $62,000. Finally, Connective Capital Management LLC bought a new stake in shares of Mobix Labs in the 1st quarter worth $45,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

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.