Socket Mobile (NASDAQ:SCKT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Socket Mobile, Inc. (NASDAQ:SCKT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as low as $1.11. Socket Mobile shares last traded at $1.12, with a volume of 4,423 shares trading hands.

Socket Mobile Stock Performance

The stock’s 50 day moving average price is $1.14 and its 200 day moving average price is $1.28. The company has a market capitalization of $8.94 million, a P/E ratio of -5.11 and a beta of 0.93.

Socket Mobile (NASDAQ:SCKT) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.13) EPS for the quarter. Socket Mobile had a negative net margin of 7.46% and a negative return on equity of 7.26%. The firm had revenue of $3.97 million during the quarter. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

Institutional Investors Weigh In On Socket Mobile

A hedge fund recently raised its stake in Socket Mobile stock. Renaissance Technologies LLC grew its position in Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,200 shares of the company’s stock after purchasing an additional 19,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.59% of Socket Mobile worth $60,000 as of its most recent filing with the SEC. 3.76% of the stock is currently owned by institutional investors.

About Socket Mobile

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.