Smith Micro Software (NASDAQ:SMSI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMSI. StockNews.com downgraded Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Smith Micro Software in a research note on Thursday, November 14th.

Smith Micro Software Stock Down 0.7 %

The stock has a market capitalization of $16.13 million, a PE ratio of -0.26 and a beta of 0.64. The business’s 50-day moving average is $0.99 and its two-hundred day moving average is $1.22.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd acquired a new stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent SEC filing. 20.80% of the stock is currently owned by hedge funds and other institutional investors.

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.