Allot Communications (NASDAQ:ALLT) Shares Pass Above 200 Day Moving Average - What's Next?

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.97 and traded as high as $8.71. Allot Communications shares last traded at $8.33, with a volume of 1,252,227 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Allot Communications from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th.

Allot Communications Trading Down 0.5 %

The company has a market cap of $318.67 million, a P/E ratio of -12.75 and a beta of 1.00. The firm's 50 day moving average is $5.61 and its two-hundred day moving average is $4.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC grew its position in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,537 shares of the communications equipment provider's stock after purchasing an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. 51.50% of the stock is currently owned by institutional investors.

Allot Communications Company Profile

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.