Radcom (NASDAQ:RDCM) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Radcom Ltd. (NASDAQ:RDCM)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.45 and traded as low as $12.50. Radcom shares last traded at $12.60, with a volume of 157,035 shares traded.

Wall Street Analyst Weigh In

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

Radcom Trading Down 2.3%

The stock’s 50 day moving average price is $13.05 and its 200 day moving average price is $13.45. The company has a market cap of $206.77 million, a price-to-earnings ratio of 19.38 and a beta of 0.57.

Institutional Investors Weigh In On Radcom

A number of large investors have recently modified their holdings of RDCM. ARK Investment Management LLC lifted its position in shares of Radcom by 7.4% during the second quarter. ARK Investment Management LLC now owns 148,047 shares of the technology company’s stock worth $2,012,000 after purchasing an additional 10,215 shares in the last quarter. Value Base Ltd. raised its stake in Radcom by 3.5% during the second quarter. Value Base Ltd. now owns 865,009 shares of the technology company’s stock valued at $11,755,000 after buying an additional 29,275 shares in the last quarter. Corton Capital Inc. bought a new position in Radcom during the 2nd quarter worth approximately $210,000. Acadian Asset Management LLC grew its position in shares of Radcom by 13.3% in the 2nd quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company’s stock worth $4,406,000 after acquiring an additional 38,284 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Radcom by 20.5% in the 2nd quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock valued at $1,497,000 after acquiring an additional 18,708 shares during the last quarter. 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.