Smith Micro Software (NASDAQ:SMSI) Earns Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Smith Micro Software (NASDAQ:SMSI) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $5.00 price objective on the software maker’s stock.

Separately, StockNews.com cut Smith Micro Software from a “hold” rating to a “sell” rating in a report on Tuesday.

Smith Micro Software Stock Down 5.9 %

SMSI traded down $0.05 on Thursday, hitting $0.80. The company had a trading volume of 68,785 shares, compared to its average volume of 1,160,287. The business’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $1.60. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The company has a market cap of $9.49 million, a PE ratio of -0.16 and a beta of 0.73.

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.