Smith Micro Software, Inc. (NASDAQ:SMSI) issued its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.05, Morningstar.com reports. Smith Micro Software had a negative net margin of 49.33% and a negative return on equity of 339.18%. The company had revenue of $5.86 million during the quarter.
Smith Micro Software (NASDAQ:SMSI) traded up 1.80% during mid-day trading on Friday, hitting $1.13. 20,885 shares of the stock were exchanged. The company’s market capitalization is $16.16 million. Smith Micro Software has a 52 week low of $0.80 and a 52 week high of $2.60. The stock’s 50-day moving average is $1.20 and its 200 day moving average is $1.17.
Separately, ValuEngine upgraded shares of Smith Micro Software from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
A hedge fund recently raised its stake in Smith Micro Software stock. Renaissance Technologies LLC boosted its position in Smith Micro Software, Inc. (NASDAQ:SMSI) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,125 shares of the software maker’s stock after buying an additional 26,000 shares during the period. Renaissance Technologies LLC owned about 2.08% of Smith Micro Software worth $402,000 at the end of the most recent quarter. 14.73% of the stock is owned by institutional investors and hedge funds.
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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.
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