Smith Micro Software, Inc. (SMSI) Downgraded by ValuEngine to “Strong Sell”
Smith Micro Software, Inc. (NASDAQ:SMSI) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
Smith Micro Software (NASDAQ SMSI) traded up 2.91% during trading on Thursday, reaching $1.41. The company’s stock had a trading volume of 6,030 shares. The stock’s market capitalization is $17.11 million. The firm has a 50 day moving average of $1.17 and a 200 day moving average of $1.30. Smith Micro Software has a 52 week low of $0.80 and a 52 week high of $3.20.
Smith Micro Software (NASDAQ:SMSI) last released its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. The business had revenue of $5.58 million for the quarter. Smith Micro Software had a negative net margin of 49.02% and a negative return on equity of 222.45%. Analysts expect that Smith Micro Software will post ($0.31) EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/07/08/smith-micro-software-inc-smsi-downgraded-by-valuengine-to-strong-sell.html.
An institutional investor recently raised its position in Smith Micro Software stock. Renaissance Technologies LLC boosted its stake in Smith Micro Software, Inc. (NASDAQ:SMSI) by 11.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 256,125 shares of the software maker’s stock after buying an additional 26,000 shares during the period. Renaissance Technologies LLC owned about 2.08% of Smith Micro Software worth $402,000 at the end of the most recent reporting period. 14.67% of the stock is currently owned by institutional investors.
Smith Micro Software Company Profile
Smith Micro Software, Inc is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Smith Micro Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith Micro Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.