Smith Micro Software (NASDAQ:SMSI – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.
Smith Micro Software Price Performance
Smith Micro Software stock traded down $0.09 during trading on Monday, reaching $1.89. 51,622 shares of the company were exchanged, compared to its average volume of 95,909. Smith Micro Software has a 52-week low of $1.86 and a 52-week high of $14.96. The company has a market capitalization of $18.14 million, a P/E ratio of -0.35 and a beta of 0.70. The stock’s 50 day simple moving average is $2.27 and its two-hundred day simple moving average is $3.19.
Smith Micro Software (NASDAQ:SMSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.14). Smith Micro Software had a negative net margin of 163.04% and a negative return on equity of 21.80%. The firm had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.40 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. As a group, equities analysts forecast that Smith Micro Software will post -1.65 earnings per share for the current year.
Institutional Trading of Smith Micro Software
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.
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