Radcom (NASDAQ:RDCM) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.47 and traded as low as $12.83. Radcom shares last traded at $13.02, with a volume of 29,479 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RDCM. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Radcom in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Stock Performance

The firm’s 50 day moving average is $13.07 and its 200-day moving average is $13.47. The stock has a market capitalization of $213.66 million, a price-to-earnings ratio of 20.03 and a beta of 0.57.

Institutional Investors Weigh In On Radcom

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Radcom during the second quarter worth approximately $34,000. New York State Common Retirement Fund acquired a new position in Radcom during the 3rd quarter worth about $76,000. Lazard Asset Management LLC boosted its holdings in Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares during the period. Bank of America Corp DE grew its stake in shares of Radcom by 93.8% during the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares in the last quarter. Finally, Cox Capital Mgt LLC acquired a new stake in Radcom during the third quarter worth approximately $145,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Radcom Company Profile

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.