Aware (NASDAQ:AWRE) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Aware, Inc. (NASDAQ:AWRE) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.99 and traded as low as $1.44. Aware shares last traded at $1.49, with a volume of 48,029 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Aware in a research report on Wednesday. They issued a “buy” rating for the company.

Aware Stock Down 0.7 %

The firm has a market capitalization of $31.59 million, a PE ratio of -4.14 and a beta of 0.82. The company’s 50-day simple moving average is $1.92 and its 200 day simple moving average is $1.99.

Institutional Investors Weigh In On Aware

A hedge fund recently raised its stake in Aware stock. Renaissance Technologies LLC raised its holdings in shares of Aware, Inc. (NASDAQ:AWRE) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 717,773 shares of the software maker’s stock after purchasing an additional 25,800 shares during the period. Renaissance Technologies LLC owned 3.40% of Aware worth $1,414,000 at the end of the most recent quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Aware Company Profile

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.