Radcom (NASDAQ:RDCM) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Radcom Ltd. (NASDAQ:RDCM) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.43 and traded as low as $13.15. Radcom shares last traded at $13.44, with a volume of 25,587 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RDCM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Radcom in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Radcom in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Radcom presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Radcom Trading Up 0.5%

The firm has a market capitalization of $220.55 million, a price-to-earnings ratio of 20.68 and a beta of 0.60. The stock’s fifty day moving average price is $13.24 and its two-hundred day moving average price is $13.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RDCM. Value Base Ltd. lifted its stake in Radcom by 3.5% during the second quarter. Value Base Ltd. now owns 865,009 shares of the technology company’s stock worth $11,755,000 after purchasing an additional 29,275 shares during the last quarter. Acadian Asset Management LLC increased its stake in Radcom by 9.7% in the first quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock valued at $3,265,000 after purchasing an additional 25,463 shares during the last quarter. Trexquant Investment LP acquired a new stake in Radcom during the first quarter worth approximately $352,000. ARK Investment Management LLC lifted its position in shares of Radcom by 7.4% during the 2nd quarter. ARK Investment Management LLC now owns 148,047 shares of the technology company’s stock worth $2,012,000 after buying an additional 10,215 shares during the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Radcom by 31.6% in the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company’s stock valued at $829,000 after buying an additional 17,431 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.