Aware (NASDAQ:AWRE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Aware, Inc. (NASDAQ:AWRE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.26 and traded as low as $1.99. Aware shares last traded at $2.05, with a volume of 23,289 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aware currently has an average rating of “Sell”.

Aware Stock Performance

The stock’s fifty day moving average price is $2.24 and its 200-day moving average price is $2.26. The firm has a market cap of $43.49 million, a PE ratio of -7.54 and a beta of 0.82.

Aware (NASDAQ:AWRE) last released its quarterly earnings data on Wednesday, October 29th. The software maker reported ($0.05) EPS for the quarter. Aware had a negative return on equity of 19.41% and a negative net margin of 32.20%.The company had revenue of $5.13 million for the quarter.

Insider Buying and Selling at Aware

In other news, CEO Ajay K. Amlani acquired 13,227 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $2.23 per share, with a total value of $29,496.21. Following the purchase, the chief executive officer directly owned 835,779 shares of the company’s stock, valued at approximately $1,863,787.17. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AWRE. CIBC Private Wealth Group LLC grew its holdings in Aware by 14.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after buying an additional 10,000 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Aware in the third quarter valued at $193,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Aware during the third quarter valued at $42,000. Vanguard Group Inc. boosted its stake in shares of Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock valued at $2,026,000 after acquiring an additional 13,070 shares during the last quarter. Finally, Aristides Capital LLC increased its position in Aware by 55.5% during the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker’s stock worth $389,000 after purchasing an additional 73,500 shares in the last quarter. 24.39% of the stock is currently owned by institutional investors and hedge funds.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.