BIO-key International (NASDAQ:BKYI) Stock Price Passes Above 50 Day Moving Average of $0.93

BIO-key International, Inc. (NASDAQ:BKYI) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.93 and traded as high as $0.70. BIO-key International shares last traded at $0.66, with a volume of 3,490 shares traded.

BKYI has been the topic of several research analyst reports. ValuEngine upgraded shares of BIO-key International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Maxim Group set a $2.00 target price on shares of BIO-key International and gave the stock a “buy” rating in a research report on Friday, August 30th.

The firm’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.41.

BIO-key International (NASDAQ:BKYI) last issued its earnings results on Wednesday, August 14th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The company had revenue of $0.73 million for the quarter. BIO-key International had a negative return on equity of 63.27% and a negative net margin of 167.36%.

About BIO-key International (NASDAQ:BKYI)

BIO-key International, Inc develops and markets fingerprint biometric identification and identity verification technologies, authentication-transaction security technologies, and related identity management and credentialing biometric hardware and software solutions. Its solutions enable application developers, value added resellers, and channel partners to integrate fingerprint biometrics into their applications.

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