Aware (NASDAQ:AWRE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.40 and traded as low as $1.20. Aware shares last traded at $1.23, with a volume of 6,509 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Aware Stock Up 1.7%

The stock’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.40. The firm has a market cap of $26.39 million, a PE ratio of -3.02 and a beta of 1.01.

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

Hedge Funds Weigh In On Aware

A number of hedge funds have recently bought and sold shares of AWRE. XTX Topco Ltd purchased a new position in shares of Aware during the fourth quarter valued at approximately $30,000. Goldman Sachs Group Inc. grew its position in Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after purchasing an additional 14,436 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Aware in the 3rd quarter worth approximately $193,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Aware by 14.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after buying an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Aware by 1.6% during the 1st quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock valued at $820,000 after buying an additional 10,139 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.