BIO-key International (NASDAQ:BKYI) Stock Price Passes Below 200-Day Moving Average – What’s Next?

BIO-key International Inc. (NASDAQ:BKYI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.71 and traded as low as $2.50. BIO-key International shares last traded at $2.66, with a volume of 10,435 shares changing hands.

Wall Street Analysts Forecast Growth

BKYI has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of BIO-key International in a report on Friday, July 17th. Zacks Research upgraded BIO-key International to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

BIO-key International Trading Up 0.4%

The company has a market cap of $3.69 million, a PE ratio of -0.63 and a beta of 0.40. The business’s 50 day moving average is $3.68 and its two-hundred day moving average is $4.69.

BIO-key International (NASDAQ:BKYI) last released its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.82) by $0.26. The firm had revenue of $1.92 million for the quarter, compared to analysts’ expectations of $1.80 million. BIO-key International had a negative net margin of 50.01% and a negative return on equity of 67.31%. As a group, equities research analysts predict that BIO-key International Inc. will post -1.62 EPS for the current fiscal year.

About BIO-key International

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.