StockNews.com Downgrades Smith Micro Software (NASDAQ:SMSI) to Sell

Smith Micro Software (NASDAQ:SMSI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Smith Micro Software Stock Performance

NASDAQ SMSI traded down $0.02 on Monday, reaching $1.13. 896,767 shares of the company’s stock traded hands, compared to its average volume of 1,305,704. The firm has a market cap of $10.85 million, a price-to-earnings ratio of -0.21 and a beta of 0.70. The stock has a 50 day moving average price of $1.02 and a 200-day moving average price of $1.90. Smith Micro Software has a fifty-two week low of $0.52 and a fifty-two week high of $10.64.

Smith Micro Software (NASDAQ:SMSI) last posted its earnings results 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 business had revenue of $5.14 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($0.24) earnings per share. As a group, equities research analysts anticipate that Smith Micro Software will post -1.84 EPS for the current fiscal year.

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.