StockNews.com started coverage on shares of Smith Micro Software (NASDAQ:SMSI – Free Report) in a report published on Monday morning. The firm issued a hold rating on the software maker’s stock.
Smith Micro Software Trading Down 3.9 %
Shares of SMSI opened at $0.93 on Monday. The company’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $2.01. Smith Micro Software has a twelve month low of $0.52 and a twelve month high of $10.64. The company has a market cap of $10.28 million, a P/E ratio of -0.17 and a beta of 0.66.
Smith Micro Software (NASDAQ:SMSI – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.14). The company had revenue of $5.14 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned ($0.24) earnings per share. Analysts predict that Smith Micro Software will post -1.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Smith Micro Software
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.
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