XTX Topco Ltd Invests $26,000 in Smith Micro Software, Inc. (NASDAQ:SMSI)

XTX Topco Ltd bought a new stake in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, Holdings Channel reports. The firm bought 25,867 shares of the software maker’s stock, valued at approximately $26,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on SMSI. StockNews.com cut shares of Smith Micro Software from a “hold” rating to a “sell” rating in a research note on Saturday. Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of Smith Micro Software in a report on Thursday, November 14th.

Smith Micro Software Trading Up 2.0 %

Shares of NASDAQ SMSI opened at $0.97 on Monday. Smith Micro Software, Inc. has a 12 month low of $0.52 and a 12 month high of $7.52. The stock has a 50 day moving average of $0.84 and a 200-day moving average of $1.29. The company has a market capitalization of $11.49 million, a P/E ratio of -0.19 and a beta of 0.76.

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.