Socket Mobile (NASDAQ:SCKT) Shares Cross Below 200-Day Moving Average of $1.34

Socket Mobile, Inc. (NASDAQ:SCKT) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.34 and traded as low as $1.24. Socket Mobile shares last traded at $1.33, with a volume of 64,199 shares.

The company has a market capitalization of $8.05 million, a PE ratio of -11.08 and a beta of 0.88. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.50 and a quick ratio of 0.73.

Socket Mobile (NASDAQ:SCKT) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $2.72 million during the quarter. Socket Mobile had a negative return on equity of 5.39% and a negative net margin of 4.26%.

In other Socket Mobile news, EVP Leonard L. Ott sold 18,986 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $3.84, for a total transaction of $72,906.24. Following the completion of the sale, the executive vice president now directly owns 18,663 shares in the company, valued at $71,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David W. Dunlap sold 22,560 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $3.85, for a total value of $86,856.00. Following the sale, the director now owns 13,546 shares of the company’s stock, valued at $52,152.10. The disclosure for this sale can be found here. Corporate insiders own 32.10% of the company’s stock.

Socket Mobile Company Profile (NASDAQ:SCKT)

Socket Mobile, Inc produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The company's products are incorporated into mobile applications used in mobile point of sale, enterprise mobility, asset tracking, control systems, logistics, event management, medical, and education.

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