BIO-key International (NASDAQ:BKYI) Shares Pass Above 50 Day Moving Average – Here’s Why

BIO-key International Inc. (NASDAQ:BKYI)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.64 and traded as high as $0.74. BIO-key International shares last traded at $0.6701, with a volume of 250,468 shares traded.

Wall Street Analyst Weigh In

BKYI has been the subject of a number of research reports. Wall Street Zen raised shares of BIO-key International to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BIO-key International in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

BIO-key International Trading Down 3.0%

The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $0.64 and its two-hundred day moving average price is $0.74. The firm has a market cap of $7.26 million, a PE ratio of -0.64 and a beta of 0.41.

BIO-key International (NASDAQ:BKYI) last announced its quarterly earnings data on Friday, November 14th. The technology company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). BIO-key International had a negative net margin of 70.23% and a negative return on equity of 73.33%. The firm had revenue of $1.55 million during the quarter, compared to analyst estimates of $1.80 million.

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.