Socket Mobile, Inc. (NASDAQ:SCKT) Director William L. Parnell, Jr. Purchases 10,000 Shares

Socket Mobile, Inc. (NASDAQ:SCKT) Director William L. Parnell, Jr. bought 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $1.10 per share, for a total transaction of $11,000.00. Following the transaction, the director now directly owns 32,000 shares in the company, valued at approximately $35,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Socket Mobile Trading Up 9.6 %

Shares of SCKT stock traded up $0.10 during trading hours on Monday, reaching $1.14. 43,823 shares of the company’s stock were exchanged, compared to its average volume of 16,471. Socket Mobile, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $1.53. The stock’s 50 day moving average is $1.08 and its 200-day moving average is $1.11. The company has a market cap of $8.60 million, a price-to-earnings ratio of -5.33 and a beta of 0.84.

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