Radcom (NASDAQ:RDCM) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.35 and traded as high as $14.45. Radcom shares last traded at $14.24, with a volume of 55,833 shares traded.

Wall Street Analysts Forecast Growth

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

Radcom Price Performance

The business’s 50 day moving average is $14.35 and its 200-day moving average is $13.03. The company has a market cap of $238.38 million, a PE ratio of 18.99 and a beta of 0.71.

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

Institutional Trading of Radcom

A number of hedge funds and other institutional investors have recently bought and sold shares of RDCM. NewEdge Advisors LLC purchased a new stake in Radcom during the 1st quarter worth about $369,000. Lazard Asset Management LLC purchased a new position in shares of Radcom in the 1st quarter valued at about $236,000. Private Advisor Group LLC increased its holdings in shares of Radcom by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after acquiring an additional 7,372 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of 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 lifted its stake in Radcom by 37.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock worth $262,000 after purchasing an additional 5,700 shares during the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.