Smith Micro Software (NASDAQ:SMSI) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Smith Micro Software (NASDAQ:SMSI) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Smith Micro Software Trading Down 4.8 %

SMSI opened at $0.81 on Tuesday. The firm has a market cap of $9.60 million, a P/E ratio of -0.16 and a beta of 0.73. Smith Micro Software has a 12 month low of $0.52 and a 12 month high of $7.52. The stock has a 50-day moving average of $0.89 and a 200 day moving average of $1.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd purchased a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software at the end of the most recent quarter. Hedge funds and other institutional investors 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.