Allot Communications (NASDAQ:ALLT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Allot Communications Ltd (NASDAQ:ALLT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.61 and traded as high as $7.64. Allot Communications shares last traded at $7.45, with a volume of 565,491 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Allot Communications from a “hold” rating to a “buy” rating in a research report on Saturday.

Allot Communications Price Performance

The stock’s 50-day moving average is $6.92 and its 200 day moving average is $4.63. The stock has a market capitalization of $286.38 million, a PE ratio of -11.46 and a beta of 1.05. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC lifted its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,537 shares of the communications equipment provider’s stock after purchasing an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.