Aware (NASDAQ:AWRE) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Aware, Inc. (NASDAQ:AWRE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.08 and traded as low as $1.12. Aware shares last traded at $1.17, with a volume of 72,352 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Aware Trading Up 0.9%

The company has a market capitalization of $25.27 million, a P/E ratio of -4.18 and a beta of 0.84. The stock has a 50 day moving average price of $1.66 and a 200 day moving average price of $2.08.

Aware (NASDAQ:AWRE) last released its quarterly earnings data on Wednesday, March 4th. The software maker reported ($0.07) earnings per share for the quarter. Aware had a negative net margin of 33.97% and a negative return on equity of 21.19%. The firm had revenue of $4.66 million for the quarter.

Institutional Trading of Aware

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Aware in the fourth quarter valued at approximately $30,000. CIBC Private Wealth Group LLC boosted its position in Aware by 14.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after buying an additional 10,000 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Aware during the 3rd quarter worth approximately $193,000. Pekin Hardy Strauss Inc. bought a new stake in Aware during the 3rd quarter worth approximately $42,000. Finally, Vanguard Group Inc. grew its holdings in 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 acquiring an additional 13,070 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors.

Aware Company Profile

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.