Socket Mobile, Inc. (NASDAQ:SCKT – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.85 and traded as low as $0.3860. Socket Mobile shares last traded at $0.39, with a volume of 71,834 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered shares of Socket Mobile from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Socket Mobile presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on SCKT
Socket Mobile Price Performance
Socket Mobile (NASDAQ:SCKT – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.16) EPS for the quarter. The business had revenue of $3.03 million during the quarter. Socket Mobile had a negative return on equity of 189.51% and a negative net margin of 107.50%.
Institutional Investors Weigh In On Socket Mobile
An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. purchased a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned approximately 1.21% of Socket Mobile as of its most recent filing with the Securities and Exchange Commission (SEC). 3.76% of the stock is owned by institutional investors.
About Socket Mobile
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.
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