BIO-key International Inc. (BKYI) Sets New 12-Month Low on Disappointing Earnings
Posted by Samantha Guadardo on Nov 16th, 2017 // No Comments
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BIO-key International logoBIO-key International Inc. (NASDAQ:BKYI)’s share price reached a new 52-week low on Wednesday following a dissappointing earnings announcement. The company traded as low as $1.61 and last traded at $1.78, with a volume of 55200 shares traded. The stock had previously closed at $1.79.
The technology company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.11). BIO-key International had a negative return on equity of 33.64% and a negative net margin of 108.16%.
In other news, insider Fong Wong Kwok purchased 26,300 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were purchased at an average price of $3.10 per share, with a total value of $81,530.00. Following the transaction, the insider now directly owns 1,345,737 shares of the company’s stock, valued at $4,171,784.70. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 11.40% of the stock is owned by corporate insiders.
A hedge fund recently bought a new stake in BIO-key International stock. Commonwealth Equity Services Inc purchased a new stake in shares of BIO-key International Inc. (NASDAQ:BKYI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,130 shares of the technology company’s stock, valued at approximately $226,000. Commonwealth Equity Services Inc owned about 1.22% of BIO-key International at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.64% of the company’s stock.
About BIO-key International
BIO-key International, Inc develops and markets fingerprint biometric identification and identity verification technologies, cryptographic authentication-transaction security technologies, as well as related identity management and credentialing software solutions. The Company is also engaged in developing automated, finger identification technology that supplements or compliments other methods of identification and verification, such as personal inspection identification, passwords, tokens, smart cards, identity cards, public key infrastructure (PKI), credit card, passports, driver’s licenses, one-time password (OTP) or other form of possession or knowledge-based credentialing.
