Smith Micro Software (NASDAQ:SMSI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Smith Micro Software, Inc. (NASDAQ:SMSI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.64 and traded as high as $0.7740. Smith Micro Software shares last traded at $0.7334, with a volume of 103,794 shares trading hands.

Analyst Upgrades and Downgrades

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

Smith Micro Software Price Performance

The business’s 50 day moving average is $0.61 and its 200-day moving average is $0.64. The company has a market cap of $18.89 million, a PE ratio of -0.49 and a beta of 0.63.

Smith Micro Software (NASDAQ:SMSI) last announced 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). Smith Micro Software had a negative net margin of 168.92% and a negative return on equity of 52.96%. The firm had revenue of $3.97 million during the quarter, compared to analysts’ expectations of $4.30 million. As a group, sell-side analysts predict that Smith Micro Software, Inc. will post -1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Smith Micro Software

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in Smith Micro Software by 41.7% in the fourth quarter. Renaissance Technologies LLC now owns 110,745 shares of the software maker’s stock valued at $60,000 after buying an additional 32,604 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 30,410 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Smith Micro Software in the 4th quarter valued at about $40,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Smith Micro Software by 109.2% in the 3rd quarter. Susquehanna International Group LLP now owns 42,780 shares of the software maker’s stock valued at $31,000 after acquiring an additional 22,335 shares during the last quarter. Hedge funds and other institutional investors own 20.80% of the company’s stock.

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.