Smith Micro Software (NASDAQ:SMSI) Stock Passes Above 200 Day Moving Average – Should You Sell?

Smith Micro Software, Inc. (NASDAQ:SMSI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.25 and traded as high as $1.40. Smith Micro Software shares last traded at $1.31, with a volume of 280,979 shares changing hands.

Analyst Ratings Changes

SMSI has been the subject of a number of research analyst reports. StockNews.com lowered Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Benchmark reissued a “buy” rating and issued a $5.00 price objective 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 $17.07 million, a PE ratio of -0.28 and a beta of 0.76. The stock’s 50-day moving average is $0.92 and its 200 day moving average is $1.25.

Hedge Funds Weigh In On Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. Virtu Financial LLC acquired a new stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,961 shares of the software maker’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.32% 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.