BIO-key International (NASDAQ:BKYI) Stock Passes Above 50-Day Moving Average – Time to Sell?

BIO-key International Inc. (NASDAQ:BKYI) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.76 and traded as high as $0.80. BIO-key International shares last traded at $0.77, with a volume of 74,785 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BIO-key International in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

BIO-key International Price Performance

The stock has a market cap of $5.29 million, a PE ratio of -0.60 and a beta of 0.41. The business has a 50 day moving average price of $0.76 and a two-hundred day moving average price of $0.78.

BIO-key International (NASDAQ:BKYI) last released its quarterly earnings data on Wednesday, August 13th. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $1.70 million for the quarter, compared to analysts’ expectations of $1.70 million. BIO-key International had a negative net margin of 60.92% and a negative return on equity of 92.10%.

About BIO-key International

BIO-key International, Inc develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education customers in the United States and internationally. The company offers BIO-key PortalGuard and PortalGuard IDaaS solutions, a customer-controlled and neutral-by-design cloud-based identity platform that allows customers to integrate with any cloud or on-premises SaaS application, as well as windows device authentication through IAM platform.