Radcom (NASDAQ:RDCM) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Radcom Ltd. (NASDAQ:RDCM) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.43 and traded as low as $13.15. Radcom shares last traded at $13.44, with a volume of 25,587 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Radcom in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Radcom in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Radcom Price Performance

The stock has a market cap of $220.55 million, a PE ratio of 20.68 and a beta of 0.60. The stock’s fifty day moving average is $13.24 and its 200-day moving average is $13.43.

Hedge Funds Weigh In On Radcom

Several hedge funds have recently bought and sold shares of RDCM. Walleye Capital LLC grew its position in Radcom by 31.6% in the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company’s stock valued at $829,000 after acquiring an additional 17,431 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Radcom in the first quarter valued at approximately $352,000. Acadian Asset Management LLC grew its holdings in shares of Radcom by 9.7% in the first quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock valued at $3,265,000 after purchasing an additional 25,463 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of Radcom by 7.4% in the second quarter. ARK Investment Management LLC now owns 148,047 shares of the technology company’s stock valued at $2,012,000 after purchasing an additional 10,215 shares in the last quarter. Finally, Value Base Ltd. increased its stake in Radcom by 3.5% during the 2nd quarter. Value Base Ltd. now owns 865,009 shares of the technology company’s stock worth $11,755,000 after buying an additional 29,275 shares during the period. Institutional investors and hedge funds own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.