Socket Mobile (NASDAQ:SCKT) Posts Quarterly Earnings Results
Socket Mobile (NASDAQ:SCKT) issued its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $2.72 million during the quarter. Socket Mobile had a negative return on equity of 5.34% and a negative net margin of 4.26%.
Shares of NASDAQ SCKT traded down $0.60 during midday trading on Friday, hitting $1.75. The stock had a trading volume of 841,387 shares, compared to its average volume of 5,568,582. The business’s 50 day moving average is $1.49 and its 200-day moving average is $1.39. Socket Mobile has a 52 week low of $0.76 and a 52 week high of $4.15. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.05.
In other news, EVP Leonard L. Ott sold 18,986 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $3.84, for a total value of $72,906.24. Following the transaction, the executive vice president now owns 18,663 shares in the company, valued at $71,665.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David W. Dunlap sold 22,560 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $3.85, for a total transaction of $86,856.00. Following the transaction, the director now directly owns 13,546 shares of the company’s stock, valued at $52,152.10. The disclosure for this sale can be found here. Corporate insiders own 32.10% of the company’s stock.
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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