RADCOM (NASDAQ:RDCM) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.26 and traded as high as $11.97. RADCOM shares last traded at $11.87, with a volume of 18,010 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered RADCOM from a "strong-buy" rating to a "buy" rating in a report on Tuesday.

RADCOM Stock Up 1.9 %

The company has a market capitalization of $189.51 million, a P/E ratio of 25.74 and a beta of 0.89. The business has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $10.28.

Institutional Trading of RADCOM

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC increased its holdings in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,808 shares of the technology company's stock after buying an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned about 0.62% of RADCOM worth $881,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 48.32% of the company's stock.

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.