Socket Mobile (NASDAQ:SCKT) Earns Sell (D-) Rating from Weiss Ratings

Socket Mobile (NASDAQ:SCKT)‘s stock had its “sell (d-)” rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Socket Mobile Price Performance

SCKT opened at $1.04 on Wednesday. The company has a market cap of $8.24 million, a price-to-earnings ratio of -2.73 and a beta of 0.99. The firm has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $1.11. Socket Mobile has a fifty-two week low of $0.85 and a fifty-two week high of $1.72.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $4.04 million for the quarter. Socket Mobile had a negative net margin of 17.13% and a negative return on equity of 16.35%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Socket Mobile stock. AMH Equity Ltd boosted its position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 7.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,398 shares of the company’s stock after purchasing an additional 9,098 shares during the quarter. AMH Equity Ltd owned 1.58% of Socket Mobile worth $142,000 as of its most recent SEC filing. 3.76% of the stock is owned by institutional investors and hedge funds.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.