Socket Mobile (NASDAQ:SCKT) Stock Crosses Below Two Hundred Day Moving Average of $3.27

Socket Mobile, Inc. (NASDAQ:SCKTGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.27 and traded as low as $2.49. Socket Mobile shares last traded at $2.53, with a volume of 4,992 shares trading hands.

Socket Mobile Stock Performance

The company has a market cap of $17.14 million, a P/E ratio of 10.35 and a beta of 0.71. The business has a fifty day simple moving average of $2.86 and a 200 day simple moving average of $3.25.

Socket Mobile (NASDAQ:SCKTGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter. Socket Mobile had a net margin of 8.41% and a return on equity of 10.49%. The company had revenue of $6.05 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Socket Mobile stock. Exane Derivatives bought a new stake in shares of Socket Mobile, Inc. (NASDAQ:SCKTGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $40,000. Exane Derivatives owned approximately 0.14% of Socket Mobile at the end of the most recent reporting period. 5.92% of the stock is owned by hedge funds and other institutional investors.

About Socket Mobile

(Get Rating)

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

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