Allot Communications (NASDAQ:ALLT) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Allot Communications Ltd (NASDAQ:ALLT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.61 and traded as high as $7.64. Allot Communications shares last traded at $7.45, with a volume of 565,491 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a research note on Saturday.

Allot Communications Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market capitalization of $286.38 million, a price-to-earnings ratio of -11.46 and a beta of 1.05. The firm’s 50-day simple moving average is $6.92 and its 200-day simple moving average is $4.61.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC grew its stake in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,537 shares of the communications equipment provider’s stock after acquiring an additional 26,778 shares during the period. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 51.50% of the company’s stock.

About Allot Communications

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.