Aware (NASDAQ:AWRE) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Aware, Inc. (NASDAQ:AWRE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.27 and traded as low as $1.9341. Aware shares last traded at $1.9550, with a volume of 16,575 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aware presently has an average rating of “Sell”.

Aware Stock Performance

The stock has a market capitalization of $41.78 million, a PE ratio of -7.24 and a beta of 0.81. The firm has a 50 day moving average of $2.05 and a 200-day moving average of $2.27.

Aware (NASDAQ:AWRE) last released its earnings results on Wednesday, October 29th. The software maker reported ($0.05) earnings per share for the quarter. The business had revenue of $5.13 million for the quarter. Aware had a negative net margin of 32.20% and a negative return on equity of 19.41%.

Insider Activity at Aware

In related news, CEO Ajay K. Amlani purchased 13,227 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $2.23 per share, with a total value of $29,496.21. Following the completion of the purchase, the chief executive officer owned 835,779 shares of the company’s stock, valued at $1,863,787.17. The trade was a 1.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AWRE. Goldman Sachs Group Inc. increased its position in Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after purchasing an additional 14,436 shares during the last quarter. Aristides Capital LLC grew its position in Aware by 55.5% in the second quarter. Aristides Capital LLC now owns 206,009 shares of the software maker’s stock worth $389,000 after acquiring an additional 73,500 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Aware by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after purchasing an additional 13,070 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Aware during the 3rd quarter valued at $42,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Aware during the 3rd quarter valued at $193,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.