Smith Micro Software (NASDAQ:SMSI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Smith Micro Software, Inc. (NASDAQ:SMSI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.25 and traded as high as $1.40. Smith Micro Software shares last traded at $1.31, with a volume of 280,979 shares.

Analyst Upgrades and Downgrades

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

Smith Micro Software Stock Down 0.7 %

The firm has a market capitalization of $17.07 million, a price-to-earnings ratio of -0.28 and a beta of 0.76. The firm’s 50 day moving average is $0.92 and its 200 day moving average is $1.25.

Hedge Funds Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd bought a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned 0.22% of Smith Micro Software at the end of the most recent reporting period. 20.80% of the stock is owned by institutional investors.

Smith Micro Software Company Profile

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.