Allot Communications (NASDAQ:ALLT) Shares Pass Above 200 Day Moving Average - Time to Sell?

Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.22 and traded as high as $6.72. Allot Communications shares last traded at $6.24, with a volume of 570,877 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com cut Allot Communications from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

Allot Communications Trading Down 3.3 %

The firm has a market cap of $231.26 million, a P/E ratio of -9.00 and a beta of 1.24. The business's 50 day moving average is $7.02 and its 200-day moving average is $5.28. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 0.83.

Allot Communications (NASDAQ:ALLT - Get Free Report) last released its earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 48.04%. The company had revenue of $24.91 million during the quarter, compared to the consensus estimate of $24.40 million. As a group, analysts forecast that Allot Communications Ltd will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC increased its position in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 51.50% of the stock is owned by institutional investors and hedge funds.

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.