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

Aware, Inc. (NASDAQ:AWRE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.90 and traded as low as $1.65. Aware shares last traded at $1.65, with a volume of 62,644 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Aware in a research note on Wednesday. They set a “buy” rating on the stock.

Aware Stock Down 4.8 %

The firm has a market cap of $33.29 million, a PE ratio of -4.36 and a beta of 0.72. The business has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.89.

Hedge Funds Weigh In On Aware

A number of hedge funds have recently added to or reduced their stakes in AWRE. Renaissance Technologies LLC lifted its stake in Aware by 3.7% in the second quarter. Renaissance Technologies LLC now owns 717,773 shares of the software maker’s stock worth $1,414,000 after acquiring an additional 25,800 shares during the period. Geode Capital Management LLC lifted its holdings in Aware by 28.9% during the third quarter. Geode Capital Management LLC now owns 168,740 shares of the software maker’s stock worth $316,000 after buying an additional 37,828 shares during the period. Finally, Corsair Capital Management L.P. bought a new stake in Aware during the 3rd quarter valued at $146,000. 24.39% of the stock is currently owned by 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.