Socket Mobile (NASDAQ:SCKT) Issues Earnings Results

Socket Mobile (NASDAQ:SCKT) released its earnings results on Thursday. The company reported ($1.43) earnings per share for the quarter, Zacks reports. Socket Mobile had a negative net margin of 18.48% and a negative return on equity of 17.40%.

Socket Mobile Price Performance

Shares of Socket Mobile stock traded up $0.11 during trading hours on Thursday, hitting $1.15. The company’s stock had a trading volume of 63,958 shares, compared to its average volume of 17,048. Socket Mobile has a 12 month low of $0.82 and a 12 month high of $1.36. The company has a market capitalization of $9.18 million, a PE ratio of -3.03 and a beta of 1.50. The stock has a 50 day moving average of $1.11 and a 200 day moving average of $1.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Socket Mobile in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.