Socket Mobile (NASDAQ:SCKT) Share Price Passes Below Two Hundred Day Moving Average of $4.58

Socket Mobile, Inc. (NASDAQ:SCKT – Get Rating)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.58 and traded as low as $4.10. Socket Mobile shares last traded at $4.25, with a volume of 101,683 shares.

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 1.71. The business’s 50 day moving average price is $3.90 and its 200-day moving average price is $4.56. The firm has a market capitalization of $27.34 million, a price-to-earnings ratio of 7.67 and a beta of 0.81.

Socket Mobile (NASDAQ:SCKT – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported $0.11 earnings per share (EPS) for the quarter. Socket Mobile had a net margin of 19.25% and a return on equity of 14.80%. The business had revenue of $6.11 million for the quarter.

Several institutional investors have recently modified their holdings of the company. UBS Group AG increased its stake in shares of Socket Mobile by 521.1% during the third quarter. UBS Group AG now owns 6,211 shares of the company’s stock worth $39,000 after acquiring an additional 5,211 shares during the period. MV Capital Management Inc. acquired a new position in shares of Socket Mobile during the third quarter worth about $35,000. Dimensional Fund Advisors LP boosted its holdings in Socket Mobile by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 79,472 shares of the company’s stock worth $324,000 after buying an additional 7,168 shares in the last quarter. Virtu Financial LLC boosted its holdings in Socket Mobile by 56.1% during the fourth quarter. Virtu Financial LLC now owns 22,730 shares of the company’s stock worth $93,000 after buying an additional 8,167 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in Socket Mobile during the first quarter worth about $40,000. Institutional investors and hedge funds own 6.95% of the company’s stock.

Socket Mobile Company Profile (NASDAQ:SCKT)

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are incorporated into mobile applications used in point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education.

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