Smith Micro Software (NASDAQ:SMSI) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.22 and traded as high as $1.64. Smith Micro Software shares last traded at $1.37, with a volume of 628,862 shares.

Analyst Ratings Changes

SMSI has been the topic of a number of research analyst reports. StockNews.com cut Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a research report on Thursday, November 14th.

Smith Micro Software Price Performance

The company has a market cap of $16.13 million, a PE ratio of -0.26 and a beta of 0.64. The company has a 50-day moving average price of $0.99 and a two-hundred day moving average price of $1.22.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. Virtu Financial LLC purchased a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to its most recent filing with the SEC. The fund purchased 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.32% of Smith Micro Software at the end of the most recent quarter. Institutional investors own 20.80% of the company’s stock.

About Smith Micro Software

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.