Aware (NASDAQ:AWRE) Shares Pass Below 200-Day Moving Average – Time to Sell?

Aware, Inc. (NASDAQ:AWRE) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.14 and traded as low as $1.4450. Aware shares last traded at $1.45, with a volume of 17,518 shares trading hands.

Wall Street Analysts Forecast Growth

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

Aware Trading Down 1.4%

The firm has a market cap of $29.59 million, a price-to-earnings ratio of -4.89 and a beta of 0.84. The firm’s 50-day moving average is $1.77 and its 200-day moving average is $2.13.

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

Hedge Funds Weigh In On Aware

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in Aware during the 4th quarter valued at about $30,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Aware in the third quarter worth approximately $42,000. Goldman Sachs Group Inc. lifted its holdings in shares of Aware by 71.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after purchasing an additional 14,436 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Aware in the third quarter valued at approximately $193,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

Aware Company Profile

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.