Aware (NASDAQ:AWRE) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

Shares of Aware, Inc. (NASDAQ:AWRE) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.27 and traded as low as $1.06. Aware shares last traded at $1.07, with a volume of 47,216 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aware has an average rating of “Sell”.

Aware Stock Up 2.8%

The company has a market capitalization of $23.99 million, a price-to-earnings ratio of -2.75 and a beta of 1.04. The business has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $1.27.

Aware (NASDAQ:AWRE) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Aware had a negative net margin of 51.92% and a negative return on equity of 35.21%. The business had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $3.70 million.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Aware stock. Renaissance Technologies LLC grew its stake in Aware, Inc. (NASDAQ:AWRE) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,712 shares of the software maker’s stock after acquiring an additional 10,139 shares during the period. Renaissance Technologies LLC owned 3.03% of Aware worth $820,000 at the end of the most recent reporting period. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Aware Company Profile

Aware, Inc is a biometric software and technology company that develops solutions for identity management, authentication and biometric recognition. Its products are designed to help organizations enroll, verify and identify individuals using biometric characteristics such as fingerprints, facial features and irises.

The company offers biometric software development tools, identity management platforms and automated biometric identification systems. Its technologies support applications including border management, immigration, law enforcement, defense, government identification programs, workforce access and mobile authentication.