RADCOM (NASDAQ:RDCM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of RADCOM Ltd. (NASDAQ:RDCM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.64 and traded as high as $12.16. RADCOM shares last traded at $12.15, with a volume of 59,377 shares changing hands.

Analyst Ratings Changes

RDCM has been the subject of a number of recent research reports. StockNews.com cut shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of RADCOM in a research note on Friday, January 17th.

RADCOM Price Performance

The stock has a market cap of $198.59 million, a price-to-earnings ratio of 28.82 and a beta of 0.93. The firm’s 50-day moving average is $12.96 and its 200 day moving average is $11.66.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. On average, sell-side analysts forecast that RADCOM Ltd. will post 0.54 EPS for the current year.

Hedge Funds Weigh In On RADCOM

A number of large investors have recently modified their holdings of the company. Value Base Ltd. acquired a new stake in RADCOM during the 4th quarter worth approximately $10,330,000. Essex Investment Management Co. LLC purchased a new stake in RADCOM during the fourth quarter worth approximately $2,832,000. Legato Capital Management LLC purchased a new stake in RADCOM during the fourth quarter worth approximately $848,000. Walleye Capital LLC acquired a new stake in shares of RADCOM in the fourth quarter worth $681,000. Finally, Millennium Management LLC raised its stake in shares of RADCOM by 171.6% in the 4th quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock valued at $711,000 after acquiring an additional 36,333 shares during the period. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

About RADCOM

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.