Benzinga | Oct 28, 2020 11:00AM EDT

Why Socket Mobile's Stock Is Trading Higher Today

Socket Mobile (NASDAQ:SCKT) shares are trading higher on Wednesday after the company reported its SocketScan S550 achieved Apple Wallet compatibility.

Socket Mobile 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 traded up 27.38% to $3.21 on Wednesday at the time of publication. The stock has a 52-week high of $4.50 and a 52-week low of 76 cents.