Socket Mobile (NASDAQ:SCKT) Announces Earnings Results

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

Socket Mobile Stock Down 6.4%

SCKT stock traded down $0.03 during midday trading on Thursday, reaching $0.45. 193,688 shares of the company’s stock traded hands, compared to its average volume of 128,896. The company has a 50-day simple moving average of $0.69 and a two-hundred day simple moving average of $0.88. Socket Mobile has a 1-year low of $0.42 and a 1-year high of $1.36. The company has a market cap of $3.67 million, a price-to-earnings ratio of -0.25 and a beta of 1.27.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of 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, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Socket Mobile Company Profile

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.