Smith Micro Software (NASDAQ:SMSI) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.83 and traded as high as $0.91. Smith Micro Software shares last traded at $0.90, with a volume of 760,622 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Smith Micro Software in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

Smith Micro Software Price Performance

The firm has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.83. The stock has a market cap of $19.27 million, a PE ratio of -0.49 and a beta of 0.77.

Institutional Investors Weigh In On Smith Micro Software

An institutional investor recently raised its position in Smith Micro Software stock. Two Sigma Investments LP increased its holdings in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 178.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,710 shares of the software maker’s stock after purchasing an additional 20,321 shares during the quarter. Two Sigma Investments LP owned approximately 0.27% of Smith Micro Software worth $42,000 at the end of the most recent quarter. Institutional investors own 20.80% of the company’s stock.

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.