RADCOM (NASDAQ:RDCM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

RADCOM Ltd. (NASDAQ:RDCM)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.82 and traded as high as $11.91. RADCOM shares last traded at $11.43, with a volume of 35,112 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th. StockNews.com cut shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th.

RADCOM Price Performance

The business has a 50 day moving average of $12.79 and a 200 day moving average of $11.82. The company has a market cap of $179.02 million, a PE ratio of 25.98 and a beta of 0.93.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Sell-side analysts forecast that RADCOM Ltd. will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On RADCOM

A number of institutional investors have recently bought and sold shares of RDCM. Public Employees Retirement System of Ohio bought a new stake in RADCOM in the 4th quarter valued at $31,000. JPMorgan Chase & Co. boosted its stake in RADCOM by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after buying an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in RADCOM during the 4th quarter valued at approximately $62,000. Prudential Financial Inc. bought a new stake in RADCOM in the 4th quarter worth approximately $183,000. Finally, Northern Trust Corp purchased a new stake in shares of RADCOM during the 4th quarter worth approximately $269,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

RADCOM Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.