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

Shares of Aware, Inc. (NASDAQ:AWRE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.37 and traded as low as $1.20. Aware shares last traded at $1.24, with a volume of 38,066 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Aware Stock Up 2.5%

The company has a market capitalization of $27.04 million, a P/E ratio of -3.10 and a beta of 1.01. The business has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.37.

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

Institutional Trading of Aware

A number of hedge funds and other institutional investors have recently made changes to their positions in AWRE. XTX Topco Ltd bought a new stake in shares of Aware in the fourth quarter worth $30,000. Goldman Sachs Group Inc. increased its stake in Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after buying an additional 14,436 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Aware in the 3rd quarter valued at $193,000. CIBC Private Wealth Group LLC lifted its position in Aware by 14.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after buying an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Aware by 1.6% during the 1st quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock worth $820,000 after buying an additional 10,139 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

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.