Socket Mobile (NASDAQ:SCKT) Stock Price Passes Below Two Hundred Day Moving Average of $1.11

Shares of Socket Mobile, Inc. (NASDAQ:SCKTGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.11 and traded as low as $1.03. Socket Mobile shares last traded at $1.08, with a volume of 46,015 shares.

Socket Mobile Trading Up 5.1 %

The stock has a market capitalization of $8.17 million, a P/E ratio of -4.16 and a beta of 0.82. The stock has a 50 day moving average of $1.06 and a 200-day moving average of $1.11.

Socket Mobile (NASDAQ:SCKTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $4.40 million during the quarter. Socket Mobile had a negative return on equity of 10.02% and a negative net margin of 11.27%.

Institutional Investors Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. Morgan Stanley grew its stake in Socket Mobile, Inc. (NASDAQ:SCKTFree Report) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,463 shares of the company’s stock after acquiring an additional 6,253 shares during the quarter. Morgan Stanley owned about 0.83% of Socket Mobile worth $115,000 at the end of the most recent quarter. 3.76% of the stock is owned by hedge funds and other institutional investors.

Socket Mobile Company Profile

(Get Free Report)

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are used in mobile applications in the areas of point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education.

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