Shares of Veea Inc. (NASDAQ:VEEA - Get Free Report) dropped 1.2% during trading on Wednesday . The stock 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 Trading Up 0.6%
The firm has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $2.08.
Veea (NASDAQ:VEEA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $0.01 million for the quarter.
Hedge Funds Weigh In On Veea
A hedge fund recently bought a new stake in Veea stock. Northern Trust Corp bought a new position in shares of Veea Inc. (NASDAQ:VEEA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 31,488 shares of the company's stock, valued at approximately $120,000. Northern Trust Corp owned about 0.09% of Veea at the end of the most recent reporting period. Institutional investors and hedge funds own 25.88% of the company's stock.
About Veea
(
Get Free Report)
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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