Radcom (NASDAQ:RDCM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.94 and traded as high as $14.93. Radcom shares last traded at $14.91, with a volume of 224,185 shares.

Analyst Ratings Changes

Several research firms recently weighed in on RDCM. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Radcom in a research report on Wednesday, February 11th. Wall Street Zen cut shares of Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Radcom Price Performance

The stock has a market cap of $249.59 million, a P/E ratio of 19.88 and a beta of 0.75. The business’s fifty day moving average price is $13.79 and its 200 day moving average price is $12.94.

Radcom (NASDAQ:RDCM) last posted its earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $18.59 million during the quarter, compared to analysts’ expectations of $18.61 million. Radcom had a net margin of 17.18% and a return on equity of 11.68%. On average, analysts predict that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Radcom in the fourth quarter worth about $1,334,000. Marshall Wace LLP lifted its holdings in shares of Radcom by 58.1% in the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after acquiring an additional 71,873 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Radcom by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 208,733 shares of the technology company’s stock worth $2,730,000 after acquiring an additional 23,511 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Radcom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after buying an additional 3,750 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Radcom by 22.7% in the 4th quarter. Private Advisor Group LLC now owns 343,647 shares of the technology company’s stock valued at $4,495,000 after buying an additional 63,589 shares during the last quarter. Institutional investors 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.