Socket Mobile (NASDAQ:SCKT) Issues Earnings Results

Socket Mobile (NASDAQ:SCKT) issued its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. Socket Mobile had a negative net margin of 96.43% and a negative return on equity of 142.25%.

Socket Mobile Price Performance

Shares of Socket Mobile stock traded down $0.03 during trading on Thursday, hitting $0.45. 193,688 shares of the company’s stock traded hands, compared to its average volume of 128,896. The firm’s fifty day moving average price is $0.69 and its 200 day moving average price is $0.88. Socket Mobile has a twelve month low of $0.42 and a twelve month high of $1.36. The company has a market cap of $3.67 million, a PE ratio of -0.25 and a beta of 1.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Socket Mobile from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Socket Mobile presently has a consensus rating of “Sell”.

About Socket Mobile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.