Allot Ltd. (NASDAQ:ALLT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.83 and traded as high as $8.18. Allot shares last traded at $8.01, with a volume of 4,774,188 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Read Our Latest Report on Allot
Allot Stock Performance
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 company has a market capitalization of $315.84 million, a P/E ratio of -79.89 and a beta of 1.38. The business's fifty day simple moving average is $7.68 and its 200-day simple moving average is $6.90.
Institutional Trading of Allot
An institutional investor recently bought a new position in Allot stock. Cloud Capital Management LLC bought a new position in Allot Ltd. (NASDAQ:ALLT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 79,302 shares of the communications equipment provider's stock, valued at approximately $452,000. Cloud Capital Management LLC owned about 0.20% of Allot as of its most recent SEC filing. 51.50% of the stock is currently owned by institutional investors and hedge funds.
Allot 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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