Aware (NASDAQ:AWRE) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Aware, Inc. (NASDAQ:AWRE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.02 and traded as low as $1.25. Aware shares last traded at $1.30, with a volume of 4,034 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Aware Price Performance

The stock’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $2.01. The company has a market capitalization of $28.30 million, a PE ratio of -4.68 and a beta of 0.99.

Aware (NASDAQ:AWRE) last posted its earnings results on Wednesday, March 4th. The software maker reported ($0.07) earnings per share for the quarter. The firm had revenue of $4.66 million during the quarter. Aware had a negative net margin of 33.97% and a negative return on equity of 21.19%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Aware during the 4th quarter worth about $30,000. CIBC Private Wealth Group LLC boosted its position in Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after acquiring an additional 10,000 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Aware in the 3rd quarter worth approximately $193,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Aware during the 3rd quarter worth $42,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after purchasing an additional 13,070 shares during the last quarter. 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.