Socket Mobile (NASDAQ:SCKT) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Socket Mobile (NASDAQ:SCKT) from a hold rating to a sell rating in a research report report published on Saturday, ValuEngine reports.

NASDAQ SCKT traded up $0.02 during trading hours on Friday, reaching $2.22. The company’s stock had a trading volume of 496 shares, compared to its average volume of 10,497. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 1.32. The business has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.30. Socket Mobile has a 52 week low of $1.35 and a 52 week high of $2.80.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Thursday, July 25th. The company reported $0.02 earnings per share (EPS) for the quarter. Socket Mobile had a negative net margin of 0.42% and a negative return on equity of 0.61%. The firm had revenue of $5.06 million for the quarter.

Socket Mobile Company Profile

Socket Mobile, Inc produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The company's products are incorporated into mobile applications used in mobile point of sale, enterprise mobility, asset tracking, control systems, logistics, event management, medical, and education.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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