Socket Mobile (NASDAQ:SCKT) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of Socket Mobile, Inc. (NASDAQ:SCKT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.29 and traded as low as $1.13. Socket Mobile shares last traded at $1.13, with a volume of 2,058 shares trading hands.

Socket Mobile Stock Down 1.5 %

The company’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.29. The stock has a market cap of $8.46 million, a P/E ratio of -5.06 and a beta of 1.03.

Institutional Investors Weigh In On Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd purchased a new position in Socket Mobile, Inc. (NASDAQ:SCKT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned 1.53% of Socket Mobile at the end of the most recent quarter. Hedge funds and other institutional investors own 3.76% of the company’s stock.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.