RADCOM (NASDAQ:RDCM) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.66 and traded as high as $10.87. RADCOM shares last traded at $10.39, with a volume of 6,769 shares trading hands.

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Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on RDCM

RADCOM Trading Up 1.3 %

The firm's fifty day moving average price is $9.97 and its two-hundred day moving average price is $9.66. The stock has a market capitalization of $164.74 million, a PE ratio of 34.03 and a beta of 0.87.

RADCOM (NASDAQ:RDCM - Get Free Report) last released 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 net margin of 8.52% and a return on equity of 6.25%. The firm had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.10 million. As a group, sell-side analysts anticipate that RADCOM Ltd. will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in shares of RADCOM in the 1st quarter valued at $159,000. Acadian Asset Management LLC lifted its stake in RADCOM by 6.2% in the 2nd quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company's stock valued at $881,000 after buying an additional 5,628 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of RADCOM by 4.4% during the first 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 last quarter. Janney Montgomery Scott LLC raised its position in shares of RADCOM by 109.2% in the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock valued at $3,017,000 after buying an additional 141,079 shares during the last quarter. Finally, AWM Investment Company Inc. boosted its stake in RADCOM by 5.7% in the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock worth $9,383,000 after buying an additional 45,000 shares during the last quarter. Hedge funds and other institutional investors own 48.32% of the company's stock.

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RADCOM Company Profile

(Get Free Report)

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.

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