Aware (NASDAQ:AWRE) Stock Breaks Below 200-Day Moving Average – Should You Sell?

Aware, Inc. (NASDAQ:AWRE)’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 $1.29 and traded as low as $1.13. Aware shares last traded at $1.17, with a volume of 20,428 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Aware Stock Performance

The company has a market cap of $24.65 million, a price-to-earnings ratio of -2.82 and a beta of 1.01. The business has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.29.

Aware (NASDAQ:AWRE) last released its quarterly earnings data on Wednesday, July 29th. The software maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $3.25 million during the quarter, compared to analyst estimates of $3.70 million. Aware had a negative net margin of 51.92% and a negative return on equity of 35.21%.

Institutional Investors Weigh In On Aware

A hedge fund recently raised its stake in Aware stock. Renaissance Technologies LLC lifted its stake in shares of Aware, Inc. (NASDAQ:AWRE) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 655,712 shares of the software maker’s stock after purchasing an additional 10,139 shares during the quarter. Renaissance Technologies LLC owned 3.03% of Aware worth $820,000 as of its most recent filing with the Securities and Exchange Commission. 24.39% of the stock is currently owned by institutional investors.

About Aware

Aware, Inc is a biometric software and technology company that develops solutions for identity management, authentication and biometric recognition. Its products are designed to help organizations enroll, verify and identify individuals using biometric characteristics such as fingerprints, facial features and irises.

The company offers biometric software development tools, identity management platforms and automated biometric identification systems. Its technologies support applications including border management, immigration, law enforcement, defense, government identification programs, workforce access and mobile authentication.