Radcom (NASDAQ:RDCM) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Radcom Ltd. (NASDAQ:RDCMGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.68 and traded as low as $9.93. Radcom shares last traded at $10.01, with a volume of 147,554 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen cut Radcom from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of Radcom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Needham & Company LLC lowered their price target on shares of Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Radcom has a consensus rating of “Hold” and an average target price of $14.00.

Read Our Latest Research Report on RDCM

Radcom Stock Performance

The company has a market capitalization of $167.88 million, a P/E ratio of 23.88 and a beta of 0.74. The business has a 50 day moving average of $11.98 and a 200-day moving average of $12.67.

Radcom (NASDAQ:RDCMGet Free Report) last issued its earnings results on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.33). Radcom had a return on equity of 6.51% and a net margin of 10.47%.The company had revenue of $11.76 million during the quarter, compared to the consensus estimate of $15.57 million. As a group, equities analysts forecast that Radcom Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Radcom

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Radcom in the 2nd quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new position in shares of Radcom during the 2nd quarter valued at $34,000. Lazard Asset Management LLC increased its holdings in shares of Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after purchasing an additional 5,135 shares during the period. Bank of America Corp DE increased its holdings in shares of Radcom by 93.8% in 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 during the period. Finally, Jump Financial LLC purchased a new stake in shares of Radcom in the second quarter worth $165,000. Institutional investors own 48.32% of the company’s stock.

About Radcom

(Get Free Report)

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.

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