Socket Mobile (NASDAQ:SCKT) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Socket Mobile, Inc. (NASDAQ:SCKT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.15 and traded as low as $1.13. Socket Mobile shares last traded at $1.13, with a volume of 21,168 shares changing hands.

Socket Mobile Trading Down 8.9 %

The stock has a market capitalization of $8.59 million, a price-to-earnings ratio of -4.91 and a beta of 0.82. The company’s 50 day moving average is $1.15 and its 200 day moving average is $1.15.

Socket Mobile (NASDAQ:SCKT) last posted its earnings results on Wednesday, July 31st. The company reported ($0.08) EPS for the quarter. Socket Mobile had a negative return on equity of 8.33% and a negative net margin of 8.93%. The firm had revenue of $5.08 million for the quarter.

About Socket Mobile

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.