Radcom (NASDAQ:RDCM) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Radcom Ltd. (NASDAQ:RDCM)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.47 and traded as low as $12.83. Radcom shares last traded at $13.02, with a volume of 29,479 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RDCM shares. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Radcom in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Stock Up 0.2%

The firm’s 50 day simple moving average is $13.07 and its 200 day simple moving average is $13.47. The company has a market cap of $213.66 million, a price-to-earnings ratio of 20.03 and a beta of 0.57.

Institutional Trading of Radcom

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Radcom during the 2nd quarter worth $34,000. New York State Common Retirement Fund acquired a new position in shares of Radcom during the third quarter valued at $76,000. Lazard Asset Management LLC raised its stake in shares of Radcom by 171.1% during the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares in the last quarter. Bank of America Corp DE lifted its holdings in Radcom by 93.8% in the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares during the period. Finally, Cox Capital Mgt LLC acquired a new stake in Radcom in the third quarter worth about $145,000. 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.