Socket Mobile (NASDAQ:SCKT) Stock Passes Below 200 Day Moving Average of $1.10

Socket Mobile, Inc. (NASDAQ:SCKT)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.10 and traded as low as $1.02. Socket Mobile shares last traded at $1.02, with a volume of 4,535 shares.

Socket Mobile Stock Performance

The company’s fifty day simple moving average is $1.05 and its 200-day simple moving average is $1.10. The company has a market capitalization of $7.70 million, a P/E ratio of -3.92 and a beta of 0.82.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Tuesday, March 5th. The company reported $0.08 earnings per share (EPS) for the quarter. Socket Mobile had a negative net margin of 11.27% and a negative return on equity of 10.02%. The company had revenue of $4.40 million for the quarter.

Institutional Trading of Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. Susquehanna International Group LLP bought a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,408 shares of the company’s stock, valued at approximately $38,000. Susquehanna International Group LLP owned about 0.29% of Socket Mobile at the end of the most recent quarter. Hedge funds and other institutional investors own 3.76% of the company’s stock.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are used in mobile applications in the areas of point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education.