Aware (NASDAQ:AWRE) Stock Crosses Below 200 Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.20 and traded as low as $1.65. Aware shares last traded at $1.65, with a volume of 4,455 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Aware Stock Performance

The company has a market cap of $35.26 million, a PE ratio of -6.11 and a beta of 0.84. The firm’s 50 day moving average is $1.88 and its 200-day moving average is $2.20.

Hedge Funds Weigh In On Aware

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWRE. XTX Topco Ltd purchased a new stake in Aware in the 4th quarter valued at $30,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Aware in the third quarter valued at about $42,000. Goldman Sachs Group Inc. grew its holdings in shares of Aware by 71.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after purchasing an additional 14,436 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Aware during the third quarter worth about $193,000. Finally, CIBC Private Wealth Group LLC raised its stake in Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

Aware Company Profile

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.