Smith Micro Software (NASDAQ:SMSI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.64 and traded as high as $0.8049. Smith Micro Software shares last traded at $0.8048, with a volume of 157,013 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smith Micro Software in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Smith Micro Software has an average rating of “Sell”.

Smith Micro Software Stock Down 0.2%

The company has a market cap of $20.73 million, a price-to-earnings ratio of -0.53 and a beta of 0.63. The business has a 50-day simple moving average of $0.58 and a two-hundred day simple moving average of $0.64.

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

Institutional Trading of Smith Micro Software

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

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.