Radcom (NASDAQ:RDCM) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Radcom Ltd. (NASDAQ:RDCM) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $12.50 and traded as low as $10.04. Radcom shares last traded at $10.12, with a volume of 64,542 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research downgraded Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Needham & Company LLC lowered their target price on Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings downgraded Radcom from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. Finally, Wall Street Zen upgraded Radcom from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

Radcom Stock Up 1.4%

The business’s 50 day moving average is $10.53 and its 200 day moving average is $12.50. The company has a market cap of $172.76 million, a P/E ratio of 24.58 and a beta of 0.74.

Radcom (NASDAQ:RDCM) last announced its earnings results on Wednesday, August 12th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.33). Radcom had a net margin of 10.47% and a return on equity of 6.51%. The company had revenue of $11.76 million for the quarter, compared to the consensus estimate of $15.57 million. As a group, equities research analysts forecast that Radcom Ltd. will post -0.03 EPS for the current year.

Radcom announced that its board has approved a stock buyback plan on Thursday, September 17th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the technology company to purchase up to 11.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in Radcom by 2.1% in the first 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 in the last quarter. Janney Montgomery Scott LLC lifted its holdings 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 valued at $3,982,000 after purchasing an additional 5,380 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Radcom during the 1st quarter valued at $369,000. Lazard Asset Management LLC acquired a new stake in shares of Radcom in the 1st quarter worth $236,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Radcom in the 2nd quarter worth $35,000. Institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

RADCOM Ltd. (NASDAQ: RDCM) is an Israel-based provider of network intelligence and service assurance solutions for telecommunications operators. The company helps communications service providers monitor, analyze and optimize mobile and fixed networks, with a focus on cloud-native, virtualized and 5G network environments.

RADCOM’s portfolio includes solutions for network visibility, service quality monitoring, performance management and automated troubleshooting. Its software is designed to collect and analyze data from complex network infrastructures, enabling operators to identify service issues, improve customer experiences and support the rollout and operation of new network technologies.

Founded in 1991, RADCOM serves telecommunications companies and network operators in international markets.