RADCOM (NASDAQ:RDCM) Stock Passes Above 200-Day Moving Average – Should You Sell?

RADCOM Ltd. (NASDAQ:RDCM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.64 and traded as high as $12.16. RADCOM shares last traded at $12.15, with a volume of 59,377 shares traded.

Analyst Upgrades and Downgrades

RDCM has been the subject of a number of recent research reports. StockNews.com lowered RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Performance

The firm has a market capitalization of $198.59 million, a price-to-earnings ratio of 28.82 and a beta of 0.93. The stock’s fifty day moving average is $12.96 and its two-hundred day moving average is $11.66.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share 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 anticipate that RADCOM Ltd. will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of RADCOM in the 4th quarter valued at approximately $31,000. AWM Investment Company Inc. boosted its holdings in RADCOM by 2.8% in the fourth quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock worth $12,252,000 after purchasing an additional 27,394 shares during the period. Millennium Management LLC increased its stake in RADCOM by 171.6% during the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock valued at $711,000 after purchasing an additional 36,333 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of RADCOM by 101.1% during the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company’s stock worth $483,000 after purchasing an additional 19,653 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of RADCOM during the fourth quarter worth $269,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

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.