Radcom (NASDAQ:RDCM) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Radcom Ltd. (NASDAQ:RDCM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.08 and traded as high as $13.24. Radcom shares last traded at $12.72, with a volume of 123,189 shares trading hands.

Radcom Trading Down 2.8%

The company has a market cap of $212.93 million, a price-to-earnings ratio of 16.96 and a beta of 0.71. The firm has a 50-day moving average price of $13.70 and a 200 day moving average price of $13.08.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. Research analysts anticipate that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radcom

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Radcom in the second quarter valued at approximately $34,000. Lazard Asset Management LLC boosted 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 valued at $110,000 after purchasing an additional 5,135 shares during the period. Bank of America Corp DE grew its stake in Radcom by 93.8% during the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after buying an additional 4,364 shares during the last quarter. Jump Financial LLC acquired a new stake in Radcom in the second quarter worth $165,000. Finally, XTX Topco Ltd bought a new stake in Radcom in the fourth quarter valued at $196,000. 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.