Smith Micro Software (SMSI) Rating Increased to Hold at ValuEngine

Smith Micro Software (NASDAQ:SMSI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Smith Micro Software (NASDAQ SMSI) traded down $0.03 during midday trading on Friday, reaching $2.38. 42,181 shares of the company were exchanged, compared to its average volume of 75,317. Smith Micro Software has a 52 week low of $0.80 and a 52 week high of $3.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.40 and a quick ratio of 1.40.

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About Smith Micro Software

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.

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