Radcom (NASDAQ:RDCM) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.00 and traded as high as $13.05. Radcom shares last traded at $12.76, with a volume of 391,585 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Price Performance

The stock has a market cap of $213.60 million, a PE ratio of 17.01 and a beta of 0.71. The business has a fifty day moving average of $14.21 and a 200-day moving average of $13.00.

Radcom (NASDAQ:RDCM) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $18.59 million for the quarter, compared to the consensus estimate of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. As a group, equities research analysts predict that Radcom Ltd. will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Radcom

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Radcom in the first quarter valued at about $369,000. Lazard Asset Management LLC bought a new position in Radcom during the 1st quarter worth about $236,000. Private Advisor Group LLC grew its holdings in Radcom by 2.1% during the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after acquiring an additional 7,372 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Radcom by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after acquiring an additional 5,380 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in Radcom by 37.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock valued at $262,000 after purchasing an additional 5,700 shares during the period. Hedge funds and other 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.