Smith Micro Software Inc. (NASDAQ:SMSI) traded down 286.7% during trading on Wednesday . The stock traded as low as $2.11 and last traded at $2.32, with a volume of 73,896 shares traded. The stock had previously closed at $0.60.

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

The firm has a 50 day moving average of $2.59 and a 200 day moving average of $2.63. The company’s market capitalization is $114.37 million.

Smith Micro Software (NASDAQ:SMSI) last announced its quarterly earnings data on Monday, July 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.70 million. On average, analysts expect 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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