Zacks Research Upgrades BIO-key International (NASDAQ:BKYI) to “Hold”

BIO-key International (NASDAQ:BKYI) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of BIO-key International in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

BIO-key International Stock Up 1.3%

NASDAQ BKYI opened at $4.03 on Thursday. BIO-key International has a 52 week low of $3.10 and a 52 week high of $19.70. The business has a 50 day moving average price of $4.40 and a 200-day moving average price of $5.31. The company has a market cap of $4.39 million, a price-to-earnings ratio of -0.73 and a beta of 0.44.

Institutional Inflows and Outflows

A hedge fund recently raised its position in BIO-key International stock. Geode Capital Management LLC increased its stake in shares of BIO-key International Inc. (NASDAQ:BKYI) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,892 shares of the technology company’s stock after buying an additional 16,271 shares during the quarter. Geode Capital Management LLC owned 0.45% of BIO-key International worth $26,000 at the end of the most recent quarter. 26.51% of the stock is currently owned by institutional investors and hedge funds.

BIO-key International Company Profile

BIO-key International, Inc is a developer and provider of fingerprint biometric identity and access management solutions, serving enterprise and government customers. The company’s core offerings include a range of fingerprint readers and authentication software designed to verify user identity across physical and digital environments. By leveraging proprietary template-on-card and template-on-device technologies, BIO-key seeks to enhance security and streamline user access without reliance on traditional passwords.

In addition to hardware sensors, BIO-key delivers software platforms that integrate with existing IT infrastructures such as Microsoft Active Directory and major workforce management systems.