Socket Mobile, Inc. (OTCMKTS:SCKT) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Socket Mobile (OTCMKTS:SCKT) opened at 3.38 on Wednesday. The stock has a market cap of $19.75 million and a price-to-earnings ratio of 7.99. Socket Mobile has a 52 week low of $1.82 and a 52 week high of $4.05. The firm’s 50-day moving average is $3.01 and its 200 day moving average is $3.23.

About Socket Mobile

Socket Mobile, Inc is a producer of data capture products. The Company’s products are integrated into mobile applications used in mobile point of sale (mPOS), hospitality, asset management, commercial services, healthcare and other mobile business markets. The Company operates through mobile systems solutions for businesses segment.

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