Socket Mobile (NASDAQ:SCKT) Shares Pass Below 200-Day Moving Average – Time to Sell?

Socket Mobile, Inc. (NASDAQ:SCKT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.29 and traded as low as $1.15. Socket Mobile shares last traded at $1.20, with a volume of 14,944 shares traded.

Socket Mobile Stock Performance

The company has a market cap of $9.13 million, a price-to-earnings ratio of -5.45 and a beta of 1.03. The stock’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.29.

Institutional Investors Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. Renaissance Technologies LLC grew its stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,200 shares of the company’s stock after acquiring an additional 19,700 shares during the period. Renaissance Technologies LLC owned about 0.59% of Socket Mobile worth $60,000 at the end of the most recent reporting period. 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.