Radcom (NASDAQ:RDCM) Stock 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 Monday . The stock has a 200-day moving average of $12.85 and traded as low as $11.90. Radcom shares last traded at $11.91, with a volume of 51,209 shares changing hands.

Analysts Set New Price Targets

RDCM has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Radcom in a research note on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Radcom in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut shares of Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Radcom presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Price Performance

The stock has a market capitalization of $195.44 million, a PE ratio of 16.54 and a beta of 0.58. The company has a 50 day moving average price of $11.73 and a 200-day moving average price of $12.85.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $18.86 million during the quarter, compared to analyst estimates of $18.46 million. Radcom had a return on equity of 11.53% and a net margin of 16.77%. As a group, equities analysts anticipate that Radcom Ltd. will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Radcom

Large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC purchased a new position in shares of Radcom during the third quarter valued at about $211,000. XTX Topco Ltd bought a new position in Radcom in the fourth quarter worth about $196,000. Jump Financial LLC bought a new position in Radcom in the second quarter worth about $165,000. 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 buying an additional 4,364 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after buying an additional 5,135 shares during the period. Institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

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.