NEW YORK ( TheStreet) -- Shares of Smith Micro Software (Nasdaq: SMSI) were gapping down Thursday morning with an open price 11.6% lower than Wednesday's closing price. The stock closed at $1.64 Wednesday and opened today's trading at $1.45.

The average volume for Smith Micro Software has been 514,200 shares per day over the past 30 days. Smith Micro Software has a market cap of $58.6 million and is part of the technology sector and computer software & services industry. Shares are down 89.6% year to date as of the close of trading on Wednesday.

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.

TheStreet Ratings rates Smith Micro Software as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Smith Micro Software Ratings Report.

Get more investment ideas from our investment research center.

Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.