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HC Wainwright assumed coverage on shares of Smith Micro Software (NASDAQ:SMSI) in a research note issued on Friday. The firm set a “neutral” rating on the stock.

In other Smith Micro Software news, CFO Andrew C. Schmidt sold 25,000 shares of the stock on the open market in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $1.15, for a total transaction of $28,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Smith Micro Software (NASDAQ:SMSI) opened at 1.00 on Friday. Smith Micro Software has a 1-year low of $0.66 and a 1-year high of $2.69. The stock’s 50-day moving average is $0.94 and its 200-day moving average is $1.47. The company’s market cap is $38.6 million.

Smith Micro Software (NASDAQ:SMSI) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.02. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $9.79 million. On average, analysts predict that Smith Micro Software will post $-0.12 earnings per share for the current fiscal year.

Smith Micro Software, Inc (NASDAQ:SMSI) designs, develops and markets software products and services for the mobile computing and communications industries.

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