RADCOM (NASDAQ:RDCM) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.69 and traded as high as $10.83. RADCOM shares last traded at $10.00, with a volume of 15,301 shares changing hands.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a "buy" rating and issued a $14.00 price target on shares of RADCOM in a report on Thursday, August 8th.

RADCOM Stock Performance

The firm has a fifty day moving average price of $9.83 and a 200 day moving average price of $9.69. The stock has a market cap of $156.72 million, a PE ratio of 40.60 and a beta of 0.87.

RADCOM (NASDAQ:RDCM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. RADCOM had a return on equity of 6.25% and a net margin of 8.52%. The business had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.10 million. On average, equities research analysts forecast that RADCOM Ltd. will post 0.37 earnings per share for the current year.

Institutional Trading of RADCOM

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in shares of RADCOM by 109.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock valued at $3,017,000 after purchasing an additional 141,079 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock valued at $9,383,000 after buying an additional 45,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of RADCOM by 34.1% during the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after buying an additional 22,923 shares during the period. Quadrature Capital Ltd purchased a new position in shares of RADCOM during the 1st quarter valued at approximately $159,000. Finally, Russell Investments Group Ltd. grew its stake in RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock valued at $1,301,000 after acquiring an additional 4,935 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

RADCOM Company Profile

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.