Allot Communications (NASDAQ:ALLT) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Allot Communications Ltd (NASDAQ:ALLT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.10 and traded as high as $5.77. Allot Communications shares last traded at $5.65, with a volume of 437,107 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Allot Communications from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Allot Communications Stock Up 5.9 %

The stock has a market capitalization of $249.05 million, a price-to-earnings ratio of -9.69 and a beta of 1.24. The business has a fifty day moving average of $7.15 and a 200 day moving average of $5.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.32 and a quick ratio of 2.06.

Allot Communications (NASDAQ:ALLT) last released its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. The firm had revenue of $24.91 million for the quarter, compared to analysts’ expectations of $24.40 million. As a group, equities analysts predict that Allot Communications Ltd will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after purchasing an additional 26,778 shares during the period. FNY Investment Advisers LLC owned approximately 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. 51.50% of the stock is owned by institutional investors and hedge funds.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.