Smith Micro Software (NASDAQ:SMSI) Stock Price Crosses Above 200-Day Moving Average of $4.09

Smith Micro Software, Inc. (NASDAQ:SMSI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.09 and traded as high as $5.54. Smith Micro Software shares last traded at $5.52, with a volume of 2,083 shares changing hands.

SMSI has been the topic of several recent research reports. B. Riley initiated coverage on Smith Micro Software in a research report on Friday, July 19th. They set a “buy” rating and a $5.00 price objective on the stock. Zacks Investment Research lowered Smith Micro Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 26th. Chardan Capital restated a “buy” rating and set a $5.00 price target on shares of Smith Micro Software in a research report on Tuesday, July 23rd. Finally, ValuEngine lowered Smith Micro Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Smith Micro Software has an average rating of “Buy” and a consensus target price of $4.58.

The firm has a 50-day moving average of $5.78 and a 200-day moving average of $4.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market capitalization of $201.75 million, a P/E ratio of -39.68 and a beta of 0.39.

Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.09. Smith Micro Software had a return on equity of 26.71% and a net margin of 15.99%. The business had revenue of $10.85 million for the quarter, compared to analyst estimates of $8.65 million. Equities analysts anticipate that Smith Micro Software, Inc. will post 0.22 EPS for the current fiscal year.

In other Smith Micro Software news, CFO Timothy C. Huffmyer sold 42,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $5.48, for a total value of $230,160.00. Following the completion of the sale, the chief financial officer now owns 239,343 shares in the company, valued at approximately $1,311,599.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas G. Campbell sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $6.19, for a total value of $123,800.00. Following the completion of the sale, the director now owns 37,000 shares of the company’s stock, valued at approximately $229,030. The disclosure for this sale can be found here. 24.79% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Smith Micro Software by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 933,710 shares of the software maker’s stock worth $2,839,000 after buying an additional 194,019 shares during the period. BlackRock Inc. lifted its stake in shares of Smith Micro Software by 14.4% in the 2nd quarter. BlackRock Inc. now owns 417,521 shares of the software maker’s stock valued at $1,268,000 after purchasing an additional 52,439 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Smith Micro Software by 3.4% in the 2nd quarter. Acadian Asset Management LLC now owns 109,336 shares of the software maker’s stock valued at $332,000 after purchasing an additional 3,623 shares during the period. Institutional investors and hedge funds own 6.94% of the company’s stock.

Smith Micro Software Company Profile (NASDAQ:SMSI)

Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.

Featured Article: What is a resistance level?

Receive News & Ratings for Smith Micro Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith Micro Software and related companies with MarketBeat.com's FREE daily email newsletter.