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

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 $10.26 and traded as high as $11.97. RADCOM shares last traded at $11.87, with a volume of 18,010 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

RADCOM Stock Up 1.9 %

The company has a market capitalization of $189.51 million, a P/E ratio of 25.74 and a beta of 0.89. The business has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $10.29.

Institutional Investors Weigh In On 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% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,064 shares of the technology company’s stock after purchasing an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned about 1.94% of RADCOM worth $3,144,000 at the end of the most recent reporting period. 48.32% of the stock is owned by 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.