Aware (NASDAQ:AWRE) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Aware, Inc. (NASDAQ:AWRE)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.35 and traded as low as $1.17. Aware shares last traded at $1.23, with a volume of 34,056 shares trading hands.

Analysts Set New Price Targets

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

Aware Stock Performance

The stock has a market capitalization of $27.48 million, a price-to-earnings ratio of -3.15 and a beta of 1.01. The business has a 50-day moving average of $1.25 and a 200-day moving average of $1.35.

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

Institutional Trading of Aware

Several institutional investors have recently added to or reduced their stakes in AWRE. XTX Topco Ltd acquired a new stake in shares of Aware in the fourth quarter valued at $30,000. Goldman Sachs Group Inc. boosted its holdings in Aware by 71.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after acquiring an additional 14,436 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Aware in the 3rd quarter valued at about $193,000. CIBC Private Wealth Group LLC grew its position in Aware by 14.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Aware by 1.6% during the first quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock worth $820,000 after purchasing an additional 10,139 shares during the period. 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.