StockNews.com assumed coverage on shares of Smith Micro Software (NASDAQ:SMSI – Free Report) in a research report released on Sunday. The firm issued a hold rating on the software maker’s stock.
Smith Micro Software Trading Down 4.4 %
Shares of NASDAQ:SMSI opened at $0.57 on Friday. The stock has a 50 day moving average of $1.43 and a 200 day moving average of $2.11. The company has a market cap of $6.31 million, a PE ratio of -0.11 and a beta of 0.66. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $11.04.
Smith Micro Software (NASDAQ:SMSI – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.14). The company had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.40 million. Smith Micro Software had a negative net margin of 163.04% and a negative return on equity of 23.88%. During the same quarter last year, the firm posted ($0.24) earnings per share. Equities research analysts predict that Smith Micro Software will post -1.84 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Smith Micro Software Company Profile
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.
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