Socket Mobile (NASDAQ:SCKT) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Socket Mobile, Inc. (NASDAQ:SCKT) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.29 and traded as low as $1.16. Socket Mobile shares last traded at $1.16, with a volume of 3,201 shares changing hands.

Socket Mobile Trading Down 5.6%

The company has a market cap of $9.23 million, a price-to-earnings ratio of -5.28 and a beta of 1.00. The business has a fifty day moving average price of $1.16 and a two-hundred day moving average price of $1.29.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Thursday, April 24th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $3.97 million during the quarter. Socket Mobile had a negative net margin of 7.46% and a negative return on equity of 7.26%. During the same quarter last year, the company earned ($0.07) EPS.

Hedge Funds Weigh In On Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd bought a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned 1.53% of Socket Mobile at the end of the most recent reporting period. 3.76% of the stock is currently owned by institutional investors and hedge funds.

About Socket Mobile

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.