Zacks Research Upgrades BIO-key International (NASDAQ:BKYI) to “Hold”

BIO-key International (NASDAQ:BKYI) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BIO-key International in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BIO-key International currently has a consensus rating of “Reduce”.

BIO-key International Price Performance

Shares of NASDAQ BKYI opened at $4.03 on Thursday. The stock has a market capitalization of $4.39 million, a P/E ratio of -0.73 and a beta of 0.44. The company has a 50-day moving average price of $4.40 and a 200-day moving average price of $5.31. BIO-key International has a 1 year low of $3.10 and a 1 year high of $19.70.

Institutional Investors Weigh In On BIO-key International

A hedge fund recently raised its stake in BIO-key International stock. Geode Capital Management LLC raised its position in BIO-key International Inc. (NASDAQ:BKYI) by 49.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,892 shares of the technology company’s stock after buying an additional 16,271 shares during the period. Geode Capital Management LLC owned 0.45% of BIO-key International worth $26,000 as of its most recent filing with the SEC. 26.51% of the stock is owned by hedge funds and other institutional investors.

BIO-key International Company Profile

BIO-key International, Inc is a developer and provider of fingerprint biometric identity and access management solutions, serving enterprise and government customers. The company’s core offerings include a range of fingerprint readers and authentication software designed to verify user identity across physical and digital environments. By leveraging proprietary template-on-card and template-on-device technologies, BIO-key seeks to enhance security and streamline user access without reliance on traditional passwords.

In addition to hardware sensors, BIO-key delivers software platforms that integrate with existing IT infrastructures such as Microsoft Active Directory and major workforce management systems.