Socket Mobile, Inc. (NASDAQ:SCKT) Director Sells $86,856.00 in Stock

Socket Mobile, Inc. (NASDAQ:SCKT) Director David W. Dunlap sold 22,560 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $3.85, for a total transaction of $86,856.00. Following the sale, the director now directly owns 13,546 shares of the company’s stock, valued at approximately $52,152.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SCKT stock opened at $1.75 on Friday. The stock has a market capitalization of $10.40 million, a P/E ratio of 58.35 and a beta of 1.03. Socket Mobile, Inc. has a 52 week low of $0.76 and a 52 week high of $4.15. The firm has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $1.39. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.05.

Socket Mobile (NASDAQ:SCKT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $4.22 million for the quarter. Socket Mobile had a return on equity of 1.41% and a net margin of 0.98%.

About Socket Mobile

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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