Allot Communications (NASDAQ:ALLT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Allot Communications Ltd (NASDAQ:ALLTGet Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.66 and traded as high as $8.79. Allot Communications shares last traded at $8.65, with a volume of 315,981 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Allot Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd.

Read Our Latest Stock Analysis on ALLT

Allot Communications Price Performance

The stock has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $6.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market cap of $341.94 million, a P/E ratio of -13.31 and a beta of 1.38.

Institutional Trading of Allot Communications

An institutional investor recently bought a new position in Allot Communications stock. DCF Advisers LLC acquired a new position in Allot Communications Ltd (NASDAQ:ALLTFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,238 shares of the communications equipment provider’s stock, valued at approximately $138,000. DCF Advisers LLC owned 0.06% of Allot Communications at the end of the most recent quarter. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Allot Communications Company Profile

(Get Free Report)

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.

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