Smith Micro Software (NASDAQ:SMSI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

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 changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a research report on Thursday, November 14th. StockNews.com downgraded Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.

Smith Micro Software Trading Down 16.0 %

The company’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $1.22. The stock has a market cap of $16.24 million, a P/E ratio of -0.26 and a beta of 0.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Micro Software stock. Virtu Financial LLC acquired a new position in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 20.80% of the stock is owned by institutional investors.

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.