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 Friday . The stock has a 200-day moving average of $0.64 and traded as high as $0.7740. Smith Micro Software shares last traded at $0.7334, with a volume of 103,794 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smith Micro Software in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Smith Micro Software Stock Performance

The firm has a 50 day simple moving average of $0.61 and a two-hundred day simple moving average of $0.64. The firm has a market capitalization of $18.89 million, a P/E ratio of -0.49 and a beta of 0.63.

Smith Micro Software (NASDAQ:SMSI) last posted its earnings results on Wednesday, March 4th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Smith Micro Software had a negative return on equity of 52.96% and a negative net margin of 168.92%.The firm had revenue of $3.97 million during the quarter, compared to the consensus estimate of $4.30 million. Sell-side analysts anticipate that Smith Micro Software, Inc. will post -1.83 earnings per share for the current year.

Hedge Funds Weigh In On Smith Micro Software

Several hedge funds have recently modified their holdings of SMSI. Susquehanna International Group LLP grew its holdings in shares of Smith Micro Software by 109.2% in the third quarter. Susquehanna International Group LLP now owns 42,780 shares of the software maker’s stock valued at $31,000 after acquiring an additional 22,335 shares in the last quarter. DRW Securities LLC bought a new position in Smith Micro Software in the 4th quarter valued at $40,000. Renaissance Technologies LLC increased its position in shares of Smith Micro Software by 41.7% during the 4th quarter. Renaissance Technologies LLC now owns 110,745 shares of the software maker’s stock valued at $60,000 after purchasing an additional 32,604 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Smith Micro Software by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 212,813 shares of the software maker’s stock worth $115,000 after purchasing an additional 30,410 shares during the period. Institutional investors own 20.80% of the company’s stock.

About Smith Micro Software

Smith Micro Software, Inc, headquartered in Aliso Viejo, California, is a global provider of enterprise software solutions specializing in mobility management, device security and digital content distribution. Since its founding in 1982, Smith Micro has focused on delivering tools that enable wireless network operators, enterprises and software publishers to optimize performance, secure assets and manage licensing and distribution of digital media and applications.

Within its mobility and security segment, Smith Micro offers platforms for network offload, application acceleration, secure Wi-Fi connectivity and device management.