Socket Mobile (NASDAQ:SCKT) Share Price Passes Below 200 Day Moving Average of $1.96

Socket Mobile, Inc. (NASDAQ:SCKT – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.96 and traded as low as $1.32. Socket Mobile shares last traded at $1.34, with a volume of 7,168 shares traded.

Socket Mobile Stock Up 1.1 %

The firm has a fifty day moving average of $1.69 and a 200-day moving average of $1.96. The firm has a market cap of $9.52 million, a P/E ratio of -8.34 and a beta of 0.88.

Socket Mobile (NASDAQ:SCKT – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $0.06 earnings per share for the quarter. Socket Mobile had a negative net margin of 6.48% and a negative return on equity of 6.24%. The company had revenue of $5.17 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Socket Mobile stock. Susquehanna International Group LLP acquired a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,408 shares of the company’s stock, valued at approximately $38,000. Susquehanna International Group LLP owned 0.29% of Socket Mobile as of its most recent SEC filing. Hedge funds and other institutional investors own 5.92% of the company’s stock.

About Socket Mobile

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Socket Mobile, Inc is a mobile data capture company, which engages in the provision of data capture and delivery solutions for enhanced productivity in workforce mobilization. Its products are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education.