Smith Micro Software (NASDAQ:SMSI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.63 and traded as high as $0.79. Smith Micro Software shares last traded at $0.7577, with a volume of 345,505 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smith Micro Software in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Smith Micro Software Stock Up 4.2%

The business’s fifty day moving average price is $0.55 and its 200 day moving average price is $0.63. The firm has a market capitalization of $19.52 million, a PE ratio of -0.50 and a beta of 0.63.

Smith Micro Software (NASDAQ:SMSI) last announced its earnings results on Wednesday, March 4th. The software maker reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The business had revenue of $3.97 million for the quarter, compared to analyst estimates of $4.30 million. Smith Micro Software had a negative return on equity of 52.96% and a negative net margin of 168.92%. On average, analysts anticipate that Smith Micro Software, Inc. will post -1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SMSI. Susquehanna International Group LLP increased its holdings in shares of Smith Micro Software by 109.2% in the third quarter. Susquehanna International Group LLP now owns 42,780 shares of the software maker’s stock valued at $31,000 after purchasing an additional 22,335 shares during the period. DRW Securities LLC purchased a new stake in shares of Smith Micro Software during the fourth quarter worth approximately $40,000. Renaissance Technologies LLC lifted its holdings in shares of Smith Micro Software by 41.7% during the fourth quarter. Renaissance Technologies LLC now owns 110,745 shares of the software maker’s stock worth $60,000 after purchasing an additional 32,604 shares during the period. Finally, Geode Capital Management LLC grew its position in Smith Micro Software by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 212,813 shares of the software maker’s stock valued at $115,000 after buying an additional 30,410 shares during the last quarter. 20.80% of the stock is currently owned by hedge funds and other institutional investors.

Smith Micro Software Company Profile

Smith Micro Software, Inc, headquartered in Aliso Viejo, California, is a global provider of enterprise software solutions specializing in mobility management, device security and digital content distribution. Since its founding in 1982, Smith Micro has focused on delivering tools that enable wireless network operators, enterprises and software publishers to optimize performance, secure assets and manage licensing and distribution of digital media and applications.

Within its mobility and security segment, Smith Micro offers platforms for network offload, application acceleration, secure Wi-Fi connectivity and device management.