Shares of Allot Communications Ltd (NASDAQ:ALLT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.46 and traded as high as $5.84. Allot Communications shares last traded at $5.82, with a volume of 409,344 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com cut Allot Communications from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.
Read Our Latest Stock Analysis on ALLT
Allot Communications Price Performance
The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 0.83. The company's 50 day moving average price is $5.98 and its 200 day moving average price is $5.52. The company has a market cap of $226.51 million, a price-to-earnings ratio of -8.82 and a beta of 1.25.
Allot Communications (NASDAQ:ALLT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share 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 company had revenue of $24.91 million for the quarter, compared to analyst estimates of $24.40 million. Equities research analysts forecast that Allot Communications Ltd will post -0.18 earnings per share for the current year.
Institutional Trading of Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC lifted its position in shares of Allot Communications Ltd (NASDAQ:ALLT - Free Report) by 345.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,537 shares of the communications equipment provider's stock after acquiring an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 at the end of the most recent quarter. Institutional investors own 51.50% of the company's stock.
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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