Aware (NASDAQ:AWRE) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Aware, Inc. (NASDAQ:AWRE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.31 and traded as low as $1.20. Aware shares last traded at $1.24, with a volume of 40,890 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Aware Stock Down 1.6%

The firm has a market capitalization of $26.18 million, a price-to-earnings ratio of -3.00 and a beta of 1.01. The stock has a 50-day moving average price of $1.22 and a 200 day moving average price of $1.31.

Aware (NASDAQ:AWRE) last issued its earnings results on Wednesday, July 29th. The software maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Aware had a negative net margin of 51.92% and a negative return on equity of 35.21%. The firm had revenue of $3.25 million during the quarter, compared to analyst estimates of $3.70 million.

Hedge Funds Weigh In On Aware

A hedge fund recently raised its position in Aware stock. Renaissance Technologies LLC raised its holdings in shares of Aware, Inc. (NASDAQ:AWRE) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 655,712 shares of the software maker’s stock after acquiring an additional 10,139 shares during the quarter. Renaissance Technologies LLC owned approximately 3.03% of Aware worth $820,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.