Aware (NASDAQ:AWRE) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Aware, Inc. (NASDAQ:AWRE) has recently crossed above its 200-day moving average of $1.77, with the stock trading at $2.44 and a daily high of $2.45.
• Wall Street Zen has initiated coverage on Aware, issuing a "buy" rating for the stock, reflecting positive sentiment among analysts.
• Several institutional investors have increased their stakes in Aware, with Goldman Sachs Group Inc. raising its ownership by 71.6% recently.

Aware, Inc. (NASDAQ:AWRE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.77 and traded as high as $2.45. Aware shares last traded at $2.44, with a volume of 17,979 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Aware in a research report on Friday, May 16th. They issued a "buy" rating on the stock.

Aware Stock Up 3.4%

The firm's 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.77. The stock has a market capitalization of $52.00 million, a P/E ratio of -8.71 and a beta of 0.79.

Aware (NASDAQ:AWRE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported ($0.08) earnings per share for the quarter. Aware had a negative return on equity of 19.04% and a negative net margin of 35.46%.

Hedge Funds Weigh In On Aware

Several institutional investors and hedge funds have recently bought and sold shares of AWRE. GMT Capital Corp bought a new stake in shares of Aware in the 1st quarter valued at approximately $39,000. Goldman Sachs Group Inc. grew its stake in shares of Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker's stock valued at $55,000 after buying an additional 14,436 shares in the last quarter. Finally, Aristides Capital LLC grew its stake in shares of Aware by 55.5% in the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker's stock valued at $389,000 after buying an additional 73,500 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company's stock.

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.

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