Socket Mobile (NASDAQ:SCKT) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Socket Mobile, Inc. (NASDAQ:SCKT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.04 and traded as low as $0.86. Socket Mobile shares last traded at $0.86, with a volume of 7,225 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Socket Mobile in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Socket Mobile currently has a consensus rating of “Sell”.

Socket Mobile Stock Performance

The stock has a market capitalization of $7.07 million, a PE ratio of -0.48 and a beta of 1.21. The business’s 50-day moving average price is $0.90 and its 200 day moving average price is $1.04.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $3.70 million during the quarter. Socket Mobile had a negative return on equity of 117.03% and a negative net margin of 96.43%.

Institutional Trading of Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. acquired a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned approximately 1.21% of Socket Mobile at the end of the most recent quarter. 3.76% of the stock is currently owned by hedge funds and other institutional investors.

Socket Mobile Company Profile

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.