NEW YORK (

TheStreet

) --

Smith Micro Software Incorporated

(Nasdaq:

SMSI

) hit a new 52-week low Monday as it is currently trading at $3.77, below its previous 52-week low of $3.79 with 198,705 shares traded as of 2:50 p.m. ET. Average volume has been 647,600 shares over the past 30 days.

Smith Micro Software has a market cap of $142.4 million and is part of the

technology

sector and

computer software & services

industry. Shares are down 75.2% year to date as of the close of trading on Friday.

Smith Micro Software, Inc. designs, develops, and markets software products and services primarily for the mobile computing and communications industries worldwide. The company operates in two segments, Wireless, and Productivity and Graphics segments. The company has a P/E ratio of 44.1, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Smith Micro Software as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

Smith Micro Software Ratings Report

.

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