Smith Micro Software Inc. (NASDAQ:SMSI)’s share price traded up 12.5% on Thursday . The stock traded as high as $2.61 and last traded at $2.61, with a volume of 52,732 shares changing hands. The stock had previously closed at $2.32.

Separately, Zacks Investment Research upgraded Smith Micro Software from a “sell” rating to a “hold” rating in a report on Thursday, May 19th.

The company’s market capitalization is $123.73 million. The firm’s 50-day moving average is $2.60 and its 200 day moving average is $2.63.

Smith Micro Software (NASDAQ:SMSI) last announced its quarterly earnings data on Monday, July 25th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The business earned $7.50 million during the quarter, compared to the consensus estimate of $7.70 million. Analysts anticipate that Smith Micro Software Inc. will post ($0.48) EPS for the current fiscal year.

Smith Micro Software, Inc is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. It also develops two-dimensional (2D) and three-dimensional (3D) graphics software used by professional artists, animators, illustrators and designers. The Company operates through two segments: Wireless and Graphics.

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