Allot 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 $6.66 and traded as high as $8.79. Allot shares last traded at $8.65, with a volume of 315,981 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Read Our Latest Stock Analysis on ALLT
Allot Trading Up 4.3%
The firm has a market cap of $360.32 million, a P/E ratio of -91.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.27 and a current ratio of 2.49. The firm has a fifty day moving average of $7.32 and a 200-day moving average of $6.71.
Institutional Trading of Allot
An institutional investor recently bought a new position in Allot stock. DCF Advisers LLC acquired a new stake in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,238 shares of the communications equipment provider's stock, valued at approximately $138,000. DCF Advisers LLC owned approximately 0.06% of Allot as of its most recent SEC filing. Institutional investors own 51.50% of the company's stock.
About Allot
(
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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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