Socket Mobile (NASDAQ:SCKT) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Socket Mobile, Inc. (NASDAQ:SCKT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.29 and traded as low as $1.16. Socket Mobile shares last traded at $1.16, with a volume of 3,201 shares traded.

Socket Mobile Price Performance

The business has a fifty day moving average of $1.16 and a 200 day moving average of $1.29. The stock has a market cap of $9.23 million, a price-to-earnings ratio of -5.28 and a beta of 1.00.

Socket Mobile (NASDAQ:SCKT) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.13) EPS for the quarter. Socket Mobile had a negative return on equity of 7.26% and a negative net margin of 7.46%. The firm had revenue of $3.97 million during the quarter. During the same quarter in the prior year, the company earned ($0.07) EPS.

Hedge Funds Weigh In On Socket Mobile

A hedge fund recently raised its stake in Socket Mobile stock. AMH Equity Ltd boosted its stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 7.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,398 shares of the company’s stock after purchasing an additional 9,098 shares during the quarter. AMH Equity Ltd owned about 1.58% of Socket Mobile worth $142,000 at the end of the most recent quarter. 3.76% of the stock is owned by institutional investors and hedge funds.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.