Aware (NASDAQ:AWRE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Aware, Inc. (NASDAQ:AWRE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.21 and traded as low as $2.19. Aware shares last traded at $2.25, with a volume of 67,670 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Aware Stock Up 1.4%

The company has a market capitalization of $48.08 million, a price-to-earnings ratio of -8.33 and a beta of 0.82. The stock has a 50 day simple moving average of $2.34 and a 200 day simple moving average of $2.21.

Aware (NASDAQ:AWRE) last announced its quarterly earnings results on Wednesday, October 29th. The software maker reported ($0.05) earnings per share (EPS) for the quarter. Aware had a negative return on equity of 19.41% and a negative net margin of 32.20%.The company had revenue of $5.13 million during the quarter.

Insider Activity

In other news, CEO Ajay K. Amlani purchased 13,227 shares of Aware stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $2.23 per share, with a total value of $29,496.21. Following the completion of the acquisition, the chief executive officer owned 835,779 shares in the company, valued at $1,863,787.17. The trade was a 1.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 29.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AWRE. CIBC Private Wealth Group LLC grew its position in Aware by 14.3% in the 3rd 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 last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Aware during the third quarter worth approximately $193,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Aware during the third quarter worth approximately $42,000. Vanguard Group Inc. grew its holdings in Aware by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after buying an additional 13,070 shares in the last quarter. Finally, Aristides Capital LLC increased its position in Aware by 55.5% in the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker’s stock valued at $389,000 after acquiring an additional 73,500 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.

About Aware

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.