Socket Mobile (NASDAQ:SCKT) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Socket Mobile, Inc. (NASDAQ:SCKTGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.33 and traded as high as $1.39. Socket Mobile shares last traded at $1.34, with a volume of 20,141 shares traded.

Socket Mobile Price Performance

The stock has a market capitalization of $10.19 million, a price-to-earnings ratio of -6.09 and a beta of 0.97. The firm’s fifty day moving average is $1.33 and its 200-day moving average is $1.19.

About Socket Mobile

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Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.

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