Smith Micro Software (NASDAQ:SMSI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.15 and traded as high as $1.28. Smith Micro Software shares last traded at $1.25, with a volume of 276,534 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SMSI. Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Smith Micro Software in a research report on Thursday, November 14th. StockNews.com lowered shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st.

Smith Micro Software Price Performance

The stock has a market cap of $14.83 million, a price-to-earnings ratio of -0.24 and a beta of 0.64. The stock’s 50-day moving average is $1.05 and its 200-day moving average is $1.15.

Institutional Investors Weigh In On Smith Micro Software

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd purchased a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned about 0.22% of Smith Micro Software at the end of the most recent quarter. Institutional investors and hedge funds 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.