Wedbush Securities Inc. Buys New Stake in Mobix Labs, Inc. (NASDAQ:MOBX)

Wedbush Securities Inc. acquired a new position in shares of Mobix Labs, Inc. (NASDAQ:MOBX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,070 shares of the company’s stock, valued at approximately $62,000. Wedbush Securities Inc. owned 0.14% of Mobix Labs as of its most recent filing with the Securities & Exchange Commission.

Separately, Connective Capital Management LLC acquired a new position in Mobix Labs during the first quarter worth $45,000. 8.56% of the stock is owned by hedge funds and other institutional investors.

Mobix Labs Stock Performance

NASDAQ:MOBX opened at $0.86 on Monday. The company has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.81. Mobix Labs, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $12.50.

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 business had revenue of $2.06 million for the quarter.

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.