Radcom (NASDAQ:RDCM) Stock Passes Above 200 Day Moving Average – Time to Sell?

Radcom Ltd. (NASDAQ:RDCM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.99 and traded as high as $13.49. Radcom shares last traded at $13.43, with a volume of 248,387 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Trading Up 6.8%

The firm’s 50 day moving average is $14.27 and its two-hundred day moving average is $12.99. The firm has a market cap of $224.82 million, a P/E ratio of 17.91 and a beta of 0.71.

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

Institutional Trading of Radcom

A number of large investors have recently made changes to their positions in RDCM. NewEdge Advisors LLC acquired a new stake in Radcom during the 1st quarter worth $369,000. Lazard Asset Management LLC bought a new stake in shares of Radcom in the first quarter worth about $236,000. Private Advisor Group LLC increased its holdings in shares of Radcom by 2.1% in the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after acquiring an additional 7,372 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Radcom by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after acquiring an additional 5,380 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of Radcom by 37.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock worth $262,000 after purchasing an additional 5,700 shares during the period. 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.