Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.24 and traded as high as $8.56. Allot Communications shares last traded at $8.45, with a volume of 414,215 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Allot Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Check Out Our Latest Analysis on Allot Communications
Allot Communications Trading Up 0.1%
The stock has a fifty day moving average of $6.51 and a 200-day moving average of $6.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market cap of $343.13 million, a PE ratio of -13.35 and a beta of 1.21.
Hedge Funds Weigh In On Allot Communications
A hedge fund recently bought a new stake in Allot Communications stock. DCF Advisers LLC acquired a new stake in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 24,238 shares of the communications equipment provider's stock, valued at approximately $138,000. DCF Advisers LLC owned 0.06% of Allot Communications as of its most recent SEC filing. 51.50% of the stock is owned by institutional investors and hedge funds.
Allot Communications Company Profile
(
Get Free Report)
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.
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