Allot Communications (NASDAQ:ALLT) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Allot Communications Ltd (NASDAQ:ALLT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.59 and traded as high as $6.32. Allot Communications shares last traded at $6.20, with a volume of 190,616 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Allot Communications from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Allot Communications Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market capitalization of $245.09 million, a P/E ratio of -9.54 and a beta of 1.25. The firm has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $5.59.

Allot Communications (NASDAQ:ALLT) last issued its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.40 million. Equities research analysts forecast that Allot Communications Ltd will post -0.18 earnings per share for the current year.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after buying 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. 51.50% of the stock is currently owned by institutional investors.

About Allot Communications

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.