Allot Communications Ltd (NASDAQ:ALLT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.61 and traded as high as $7.64. Allot Communications shares last traded at $7.45, with a volume of 565,491 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Allot Communications from a "hold" rating to a "buy" rating in a research note on Saturday.
Check Out Our Latest Stock Analysis on ALLT
Allot Communications Stock Performance
The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $291.76 million, a price-to-earnings ratio of -11.66 and a beta of 1.05. The stock has a fifty day moving average price of $6.97 and a 200-day moving average price of $4.67.
Institutional Investors Weigh In On Allot Communications
An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC raised its position in Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,537 shares of the communications equipment provider's stock after buying an additional 26,778 shares during the period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.50% of the company's stock.
Allot Communications Company Profile
(
Get Free Report)
Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.
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