Shares of Smith Micro Software, Inc. (NASDAQ:SMSI – Get Free Report) passed 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 Upgrades and Downgrades
Several research firms have issued reports on SMSI. Benchmark restated a “buy” rating and set a $5.00 target price on shares of Smith Micro Software in a research note on Thursday, November 14th. StockNews.com cut shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st.
Check Out Our Latest Report on SMSI
Smith Micro Software Stock Down 16.0 %
Hedge Funds Weigh In On Smith Micro Software
An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd acquired a new stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 quarter. 20.80% of the stock is owned by institutional investors and hedge funds.
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.
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