Smith Micro Software (NASDAQ:SMSI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Smith Micro Software, Inc. (NASDAQ:SMSI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SMSI shares. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Smith Micro Software in a research note on Thursday, November 14th. StockNews.com downgraded Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.

Smith Micro Software Trading Down 0.7 %

The firm’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $1.22. The stock has a market cap of $16.13 million, a P/E ratio of -0.26 and a beta of 0.64.

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 position in Smith Micro Software, Inc. (NASDAQ:SMSI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period. 20.80% of the stock is currently owned by institutional investors.

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.