Radcom (NASDAQ:RDCM) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Radcom Ltd. (NASDAQ:RDCM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.07 and traded as high as $13.79. Radcom shares last traded at $13.44, with a volume of 122,008 shares traded.

Radcom Trading Down 1.2%

The firm has a market capitalization of $224.99 million, a P/E ratio of 17.92 and a beta of 0.71. The business’s fifty day moving average is $13.96 and its 200 day moving average is $13.07.

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

Hedge Funds Weigh In On Radcom

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Radcom during the second quarter worth $34,000. Lazard Asset Management LLC boosted its position in shares of Radcom by 171.1% in the 2nd 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 during the period. Bank of America Corp DE increased its stake in Radcom by 93.8% in the 3rd 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 in the last quarter. Jump Financial LLC purchased a new position in Radcom in the 2nd quarter worth about $165,000. Finally, XTX Topco Ltd acquired a new stake in Radcom during the 4th quarter worth about $196,000. 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.