Socket Mobile (NASDAQ:SCKT) Shares Pass Below 200 Day Moving Average of $1.10

Socket Mobile, Inc. (NASDAQ:SCKT) shares crossed 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 trading hands.

Socket Mobile Stock Up 1.0 %

The company has a market capitalization of $7.78 million, a PE ratio of -3.96 and a beta of 0.82. The company’s 50 day moving average is $1.05 and its two-hundred day moving average is $1.10.

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

Hedge Funds Weigh In On Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. Susquehanna International Group LLP bought a new position in Socket Mobile, Inc. (NASDAQ:SCKT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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. 3.76% of the stock is currently owned by institutional investors.

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.