Aware (NASDAQ:AWRE) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Aware, Inc. (NASDAQ:AWRE) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.20 and traded as low as $1.65. Aware shares last traded at $1.65, with a volume of 4,455 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Aware Stock Down 2.9%

The company’s 50-day moving average is $1.88 and its 200 day moving average is $2.20. The company has a market cap of $35.26 million, a price-to-earnings ratio of -6.11 and a beta of 0.84.

Institutional Trading of Aware

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Aware during the 4th quarter worth approximately $30,000. Pekin Hardy Strauss Inc. purchased a new stake in Aware in the 3rd quarter worth $42,000. Goldman Sachs Group Inc. raised its position in Aware by 71.6% during the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after acquiring an additional 14,436 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Aware during the third quarter valued at $193,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after purchasing an additional 10,000 shares in the last quarter. 24.39% of the stock is 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.