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

RADCOM Ltd. (NASDAQ:RDCM)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.53 and traded as high as $13.98. RADCOM shares last traded at $13.38, with a volume of 187,013 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

RADCOM Trading Up 10.5 %

The firm has a fifty day moving average of $11.75 and a two-hundred day moving average of $10.53. The company has a market cap of $209.56 million, a PE ratio of 28.47 and a beta of 0.89.

Institutional Investors Weigh In On RADCOM

An institutional investor recently raised its position in RADCOM stock. Acadian Asset Management LLC increased its position in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 95,808 shares of the technology company’s stock after acquiring an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned about 0.62% of RADCOM worth $881,000 as of its most recent SEC filing. Institutional investors and hedge funds own 48.32% of the company’s stock.

About RADCOM

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.