Socket Mobile (NASDAQ:SCKT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Socket Mobile, Inc. (NASDAQ:SCKT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as low as $1.11. Socket Mobile shares last traded at $1.12, with a volume of 4,423 shares.

Socket Mobile Stock Up 0.4%

The firm has a market capitalization of $8.94 million, a P/E ratio of -5.11 and a beta of 0.93. The company’s 50 day moving average is $1.14 and its 200-day moving average is $1.28.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Thursday, April 24th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.97 million for the quarter. Socket Mobile had a negative return on equity of 7.26% and a negative net margin of 7.46%. During the same quarter in the previous year, the company posted ($0.07) earnings per share.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Socket Mobile stock. AMH Equity Ltd increased its stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,398 shares of the company’s stock after acquiring an additional 9,098 shares during the quarter. AMH Equity Ltd owned approximately 1.58% of Socket Mobile worth $142,000 at the end of the most recent quarter. Institutional investors own 3.76% of the company’s stock.

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.