Socket Mobile (NASDAQ:SCKT) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Socket Mobile, Inc. (NASDAQ:SCKT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.91 and traded as low as $0.5003. Socket Mobile shares last traded at $0.5121, with a volume of 22,869 shares.

Analyst Upgrades and Downgrades

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

Socket Mobile Price Performance

The firm’s 50-day moving average price is $0.76 and its 200 day moving average price is $0.91. The firm has a market capitalization of $4.22 million, a price-to-earnings ratio of -0.29 and a beta of 1.27.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $3.70 million for the quarter. Socket Mobile had a negative return on equity of 142.25% and a negative net margin of 96.43%.

Institutional Trading of Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. bought a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned about 1.21% of Socket Mobile at the end of the most recent quarter. 3.76% of the stock is currently owned by institutional investors.

Socket Mobile Company Profile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.