NEW YORK ( TheStreet) -- Shares of Smith Micro Software Incorporated (Nasdaq: SMSI) were gapping down Wednesday morning with an open price 14.4% lower than Tuesday's closing price. The stock closed at $3.33 Tuesday and opened today's trading at $2.85.

The average volume for Smith Micro Software has been 556,000 shares per day over the past 30 days. Smith Micro Software has a market cap of $127 million and is part of the technology sector and computer software & services industry. Shares are down 78.8% year to date as of the close of trading on Tuesday.

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 39.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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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