Zacks Investment Research lowered shares of ImageWare Systems Inc. (OTCMKTS:IWSY) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “ImageWare Systems, Inc. is a software company specializing in digital photography and database management. The company utilizes its imaging technology to develop software used to create booking and investigative software, smart and secure identification documents, and software for professional photographers. “

Separately, ValuEngine downgraded shares of ImageWare Systems from a sell rating to a strong sell rating in a research note on Saturday, July 8th.

ImageWare Systems (OTCMKTS IWSY) traded up 2.19% during midday trading on Wednesday, reaching $1.40. 121,147 shares of the company’s stock traded hands. ImageWare Systems has a 52-week low of $0.81 and a 52-week high of $1.40. The firm’s 50-day moving average is $1.02 and its 200 day moving average is $1.04. The firm’s market cap is $130.40 million.

ImageWare Systems (OTCMKTS:IWSY) last issued its earnings results on Monday, August 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $1.06 million for the quarter, compared to the consensus estimate of $1.10 million. ImageWare Systems had a negative net margin of 276.79% and a negative return on equity of 28,438.82%. Equities research analysts expect that ImageWare Systems will post ($0.13) earnings per share for the current fiscal year.

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About ImageWare Systems

ImageWare Systems Incorporated (ImageWare) provides biometrically enabled software-based identity management solutions. The Company’s product, IWS Biometric Engine, is a multi-biometric software platform that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes.

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