Socket Mobile (NASDAQ:SCKT) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Socket Mobile, Inc. (NASDAQ:SCKT)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.06 and traded as low as $0.85. Socket Mobile shares last traded at $0.8688, with a volume of 10,690 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Socket Mobile in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Socket Mobile Stock Performance

The firm has a market cap of $6.93 million, a price-to-earnings ratio of -0.48 and a beta of 1.13. The company has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.06.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings data on Monday, February 23rd. The company reported ($1.43) earnings per share (EPS) for the quarter. The business had revenue of $3.96 million for the quarter. Socket Mobile had a negative return on equity of 87.01% and a negative net margin of 95.36%.

Institutional Investors Weigh In On Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. acquired a new position in Socket Mobile, Inc. (NASDAQ:SCKT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned about 1.21% of Socket Mobile as of its most recent filing with the Securities and Exchange Commission. 3.76% of the stock is currently owned by institutional investors.

Socket Mobile Company Profile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.