Smith Micro Software’s (SMSI) Buy Rating Reaffirmed at Benchmark

Smith Micro Software (NASDAQ:SMSI)‘s stock had its “buy” rating reissued by stock analysts at Benchmark in a research note issued to investors on Thursday,Benzinga reports. They presently have a $5.00 target price on the software maker’s stock.

Separately, StockNews.com lowered Smith Micro Software from a “hold” rating to a “sell” rating in a report on Tuesday.

Smith Micro Software Stock Performance

Smith Micro Software stock traded down $0.08 during midday trading on Thursday, hitting $0.81. 39,912 shares of the company’s stock were exchanged, compared to its average volume of 1,164,267. The stock has a market cap of $9.57 million, a price-to-earnings ratio of -0.15 and a beta of 0.73. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $7.52. The firm’s 50 day simple moving average is $0.88 and its 200 day simple moving average is $1.60.

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.