Radcom (NASDAQ:RDCM) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.76 and traded as low as $10.10. Radcom shares last traded at $10.19, with a volume of 93,018 shares changing hands.

Analyst Ratings Changes

RDCM has been the subject of a number of research analyst reports. Weiss Ratings upgraded Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Needham & Company LLC cut their price objective on Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wall Street Zen cut Radcom from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research lowered Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Radcom Stock Up 0.9%

The stock has a market cap of $172.25 million, a price-to-earnings ratio of 24.50 and a beta of 0.74. The company’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $12.75.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). The company had revenue of $11.76 million for the quarter, compared to analyst estimates of $15.57 million. Radcom had a net margin of 10.47% and a return on equity of 6.51%. As a group, analysts expect that Radcom Ltd. will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Radcom

A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP lifted its stake in Radcom by 20.5% during the second quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock valued at $1,497,000 after buying an additional 18,708 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Radcom in the 2nd quarter valued at approximately $165,000. Raymond James Financial Inc. acquired a new position in Radcom in the 2nd quarter worth approximately $34,000. Lazard Asset Management LLC grew its position in Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after purchasing an additional 5,135 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Radcom during the 3rd quarter valued at $4,058,000. Hedge funds and other 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.