RADCOM (NASDAQ:RDCM) Shares Pass Above 200 Day Moving Average – What’s Next?

RADCOM Ltd. (NASDAQ:RDCM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.82 and traded as high as $11.91. RADCOM shares last traded at $11.43, with a volume of 35,112 shares trading hands.

Analyst Ratings Changes

RDCM has been the topic of several analyst reports. StockNews.com downgraded shares of RADCOM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of RADCOM in a report on Friday, January 17th.

RADCOM Trading Down 3.1 %

The company has a market cap of $179.02 million, a PE ratio of 25.98 and a beta of 0.93. The company’s 50 day moving average is $12.79 and its 200 day moving average is $11.82.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. Analysts expect that RADCOM Ltd. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On RADCOM

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 9,147 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of RADCOM during the fourth quarter valued at about $848,000. Acuitas Investments LLC lifted its position in shares of RADCOM by 21.6% during the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after buying an additional 32,631 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of RADCOM in the 4th quarter worth approximately $2,832,000. Finally, Value Base Ltd. bought a new position in shares of RADCOM during the 4th quarter worth approximately $10,330,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

About RADCOM

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.