BIO-key International (NASDAQ:BKYI) Shares Cross Above 50-Day Moving Average – Time to Sell?

BIO-key International Inc. (NASDAQ:BKYI) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.44 and traded as high as $4.79. BIO-key International shares last traded at $4.6510, with a volume of 1,493 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of BIO-key International in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, BIO-key International currently has a consensus rating of “Sell”.

BIO-key International Price Performance

The firm’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $5.47. The stock has a market cap of $5.07 million, a PE ratio of -0.84 and a beta of 0.43.

Hedge Funds Weigh In On BIO-key International

An institutional investor recently raised its position in BIO-key International stock. Geode Capital Management LLC grew its holdings in shares of BIO-key International Inc. (NASDAQ:BKYI) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,892 shares of the technology company’s stock after buying an additional 16,271 shares during the period. Geode Capital Management LLC owned 0.45% of BIO-key International worth $26,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.51% of the company’s stock.

BIO-key International Company Profile

BIO-key International, Inc is a developer and provider of fingerprint biometric identity and access management solutions, serving enterprise and government customers. The company’s core offerings include a range of fingerprint readers and authentication software designed to verify user identity across physical and digital environments. By leveraging proprietary template-on-card and template-on-device technologies, BIO-key seeks to enhance security and streamline user access without reliance on traditional passwords.

In addition to hardware sensors, BIO-key delivers software platforms that integrate with existing IT infrastructures such as Microsoft Active Directory and major workforce management systems.