Socket Mobile, Inc. (NASDAQ:SCKT) Director Buys $11,000.00 in Stock

Socket Mobile, Inc. (NASDAQ:SCKT) Director William L. Parnell, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $1.10 per share, with a total value of $11,000.00. Following the acquisition, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $35,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Socket Mobile Price Performance

SCKT opened at $1.18 on Thursday. The stock’s fifty day moving average is $1.08 and its two-hundred day moving average is $1.11. The company has a market capitalization of $8.91 million, a P/E ratio of -5.62 and a beta of 0.84. Socket Mobile, Inc. has a 52 week low of $0.90 and a 52 week high of $1.53.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Wednesday, July 31st. The company reported ($0.08) earnings per share (EPS) for the quarter. Socket Mobile had a negative return on equity of 8.33% and a negative net margin of 8.93%. The business had revenue of $5.08 million for the quarter.

About Socket Mobile

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.