Ribbon Communications (NASDAQ:RBBN) Shares Pass Above 200-Day Moving Average – Should You Sell?

Ribbon Communications Inc. (NASDAQ:RBBN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.78 and traded as high as $4.08. Ribbon Communications shares last traded at $4.00, with a volume of 777,471 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Ribbon Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ribbon Communications in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $6.00 target price on shares of Ribbon Communications in a research report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.00.

Ribbon Communications Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.88. The company has a market cap of $708.32 million, a PE ratio of -16.00 and a beta of 1.36. The firm’s 50-day simple moving average is $3.89 and its two-hundred day simple moving average is $3.78.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings data on Monday, March 27th. The communications equipment provider reported $0.01 earnings per share for the quarter. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. The firm had revenue of $100.28 million for the quarter. As a group, research analysts anticipate that Ribbon Communications Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Ribbon Communications

In related news, EVP Dan Redington sold 14,176 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.02, for a total transaction of $56,987.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Beatriz V. Infante sold 8,690 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $3.98, for a total transaction of $34,586.20. Following the sale, the director directly owned 343,224 shares in the company, valued at $1,366,031.52. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,300 shares of company stock valued at $801,173. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Ribbon Communications

A number of institutional investors have recently modified their holdings of RBBN. Worth Venture Partners LLC raised its holdings in Ribbon Communications by 11.0% in the 1st quarter. Worth Venture Partners LLC now owns 50,564 shares of the communications equipment provider’s stock worth $198,000 after purchasing an additional 5,000 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Ribbon Communications by 9.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 64,160 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 5,600 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Ribbon Communications by 11.3% in the second quarter. Intech Investment Management LLC now owns 79,654 shares of the communications equipment provider’s stock valued at $319,000 after purchasing an additional 8,116 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Ribbon Communications by 453.3% in the second quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 8,213 shares during the last quarter. Finally, Bosun Asset Management LLC lifted its position in Ribbon Communications by 7.3% during the second quarter. Bosun Asset Management LLC now owns 130,188 shares of the communications equipment provider’s stock worth $523,000 after buying an additional 8,866 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.