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

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 $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.

Analysts Set New Price Targets

A number of research firms recently weighed in on SMSI. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Smith Micro Software in a research report on Thursday, November 14th. StockNews.com cut Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st.

Smith Micro Software Stock Down 0.7 %

The company has a market cap of $16.13 million, a PE ratio of -0.26 and a beta of 0.64. The stock has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $1.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd purchased a new position in shares of 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. The fund 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 as of its most recent SEC filing. 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.