Benzinga | Nov 18, 2020 03:28PM EST

Why Socket Mobile's Stock Is Trading Higher Today

Socket Mobile (NASDAQ:SCKT) shares are trading higher on Wednesday after the company announced its SocketScan S550 Contactless Membership Card Reader has passed the Google Wallet Certification process.

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), enterprise mobility, asset tracking, control systems, logistics, event management, medical and education.

Socket Mobile shares were trading up 23.83% at $2.91 at last check Wednesday. The stock has a 52-week range between $4.50 and 76 cents per share.