Allot Communications (NASDAQ:ALLT - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Saturday.
Allot Communications Stock Up 1.9 %
ALLT traded up $0.14 during mid-day trading on Friday, reaching $7.59. 311,535 shares of the stock were exchanged, compared to its average volume of 1,047,783. The company has a 50 day moving average price of $6.97 and a two-hundred day moving average price of $4.67. The stock has a market capitalization of $291.76 million, a PE ratio of -11.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. Allot Communications has a 1 year low of $1.75 and a 1 year high of $9.44.
Institutional Investors Weigh In On Allot Communications
An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC lifted its holdings in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,537 shares of the communications equipment provider's stock after acquiring 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 quarter. 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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