RADCOM (NASDAQ:RDCM) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of RADCOM Ltd. (NASDAQ:RDCM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.26 and traded as high as $11.97. RADCOM shares last traded at $11.87, with a volume of 18,010 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of RADCOM from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

RADCOM Stock Performance

The firm has a market capitalization of $189.51 million, a PE ratio of 25.74 and a beta of 0.89. The company’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $10.29.

Institutional Trading of RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC lifted its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,064 shares of the technology company’s stock after buying an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.94% of RADCOM worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.