Socket Mobile (NASDAQ:SCKT) Share Price Passes Below 200-Day Moving Average – Here’s Why

Socket Mobile, Inc. (NASDAQ:SCKT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.29 and traded as low as $1.15. Socket Mobile shares last traded at $1.20, with a volume of 14,944 shares traded.

Socket Mobile Stock Up 4.3 %

The firm has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.29. The firm has a market capitalization of $9.13 million, a PE ratio of -5.45 and a beta of 1.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Socket Mobile stock. Renaissance Technologies LLC raised its position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,200 shares of the company’s stock after buying an additional 19,700 shares during the period. Renaissance Technologies LLC owned about 0.59% of Socket Mobile worth $60,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.76% of the company’s stock.

Socket Mobile Company Profile

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.