Socket Mobile (NASDAQ:SCKT) Announces Earnings Results

Socket Mobile (NASDAQ:SCKT) announced its earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, Zacks reports. Socket Mobile had a negative net margin of 11.27% and a negative return on equity of 10.02%. The firm had revenue of $4.98 million for the quarter.

Socket Mobile Stock Performance

Socket Mobile stock remained flat at $1.08 during midday trading on Thursday. The company had a trading volume of 2,533 shares, compared to its average volume of 16,109. The business has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $1.10. Socket Mobile has a 12 month low of $0.90 and a 12 month high of $1.65. The firm has a market capitalization of $8.15 million, a price-to-earnings ratio of -4.15 and a beta of 0.78.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are used in mobile applications in the areas of point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education.