Veea Inc. (NASDAQ:VEEA - Get Free Report) shares were down 1.2% on Wednesday . The company traded as low as $1.53 and last traded at $1.62. Approximately 39,858 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 125,991 shares. The stock had previously closed at $1.64.
Veea Stock Up 0.6%
The business has a 50 day moving average of $1.94 and a two-hundred day moving average of $2.12.
Veea (NASDAQ:VEEA - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.
Institutional Trading of Veea
An institutional investor recently bought a new position in Veea stock. Geode Capital Management LLC acquired a new position in shares of Veea Inc. (NASDAQ:VEEA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 167,563 shares of the company's stock, valued at approximately $638,000. Geode Capital Management LLC owned about 0.47% of Veea at the end of the most recent reporting period. Institutional investors own 25.88% of the company's stock.
About Veea
(
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Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.
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