Radcom (NASDAQ:RDCM) Shares Cross Below 200 Day Moving Average – What’s Next?

Radcom Ltd. (NASDAQ:RDCM) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.43 and traded as low as $13.15. Radcom shares last traded at $13.44, with a volume of 25,587 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Radcom in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Radcom currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Stock Performance

The stock has a market cap of $220.47 million, a price-to-earnings ratio of 20.67 and a beta of 0.60. The business’s 50 day moving average is $13.23 and its 200 day moving average is $13.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Radcom in the 2nd quarter worth about $34,000. New York State Common Retirement Fund acquired a new position in shares of Radcom in the 3rd quarter valued at about $76,000. Lazard Asset Management LLC increased its holdings 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 lifted its position in shares of 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 in the last quarter. Finally, Cox Capital Mgt LLC acquired a new stake in shares of Radcom during the third quarter worth approximately $145,000. 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.