RADCOM (NASDAQ:RDCM) Shares Pass Above 200-Day Moving Average of $9.01

RADCOM Ltd. (NASDAQ:RDCM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.01 and traded as high as $9.40. RADCOM shares last traded at $8.63, with a volume of 38,059 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, January 25th. StockNews.com initiated coverage on shares of RADCOM in a report on Monday, February 12th. They set a “buy” rating on the stock.

RADCOM Trading Down 4.7 %

The company has a market capitalization of $133.51 million, a price-to-earnings ratio of 35.96 and a beta of 0.73. The stock’s fifty day simple moving average is $10.38 and its 200-day simple moving average is $9.01.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $14.01 million for the quarter, compared to the consensus estimate of $13.50 million. RADCOM had a net margin of 7.20% and a return on equity of 5.20%. On average, analysts anticipate that RADCOM Ltd. will post 0.37 EPS for the current fiscal year.

Institutional Trading of RADCOM

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in RADCOM by 114.2% during the first quarter. JPMorgan Chase & Co. now owns 3,547 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,891 shares during the last quarter. Millennium Management LLC acquired a new position in RADCOM during the second quarter worth about $123,000. BlackRock Inc. acquired a new position in RADCOM during the first quarter worth about $169,000. Acadian Asset Management LLC raised its position in RADCOM by 39.9% during the third quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock worth $555,000 after acquiring an additional 18,681 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in RADCOM by 18.8% during the third quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock worth $992,000 after acquiring an additional 18,100 shares during the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

About RADCOM

RADCOM Ltd. provides 5G ready cloud-native network intelligence and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.