BIO-key International (NASDAQ:BKYI) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BIO-key International (NASDAQ:BKYI) to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently commented on BKYI. Zacks Research raised BIO-key International to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of BIO-key International in a report on Thursday, October 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

BIO-key International Trading Up 23.7%

BKYI opened at $3.39 on Friday. The firm has a market cap of $6.92 million, a P/E ratio of -0.82 and a beta of 0.50. The stock has a 50-day moving average of $2.59 and a 200 day moving average of $3.96. BIO-key International has a 12 month low of $1.55 and a 12 month high of $19.70.

BIO-key International (NASDAQ:BKYI) last released its earnings results on Thursday, August 13th. The technology company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.82) by $0.26. BIO-key International had a negative return on equity of 67.31% and a negative net margin of 50.01%. The firm had revenue of $1.92 million for the quarter, compared to the consensus estimate of $1.80 million. On average, research analysts forecast that BIO-key International will post -1.62 earnings per share for the current fiscal year.

BIO-key International Company Profile

BIO-key International, Inc (NASDAQ: BKYI) develops biometric identity and access-management solutions. Its technology enables organizations to authenticate users through fingerprints and other biometric credentials, helping replace or supplement passwords while supporting secure access to applications, networks and devices.

The company’s offerings include biometric readers and software, as well as identity and access-management platforms such as PortalGuard and WEB-key. These products are designed to support multifactor authentication, single sign-on, password management and identity verification across on-premises and cloud-based environments.

BIO-key serves businesses, government agencies, educational institutions and other organizations that require secure user authentication.