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Allot (NASDAQ:ALLT) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Allot logo with Business Services background

Shares of Allot Ltd. (NASDAQ:ALLT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.97 and traded as high as $8.67. Allot shares last traded at $8.60, with a volume of 424,162 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Allot from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Read Our Latest Stock Analysis on Allot

Allot Price Performance

The firm has a market cap of $364.07 million, a price-to-earnings ratio of -92.09 and a beta of 1.36. The company has a current ratio of 2.49, a quick ratio of 2.27 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $8.02 and a 200 day moving average of $7.05.

Institutional Trading of Allot

A hedge fund recently bought a new stake in Allot stock. DCF Advisers LLC bought a new stake in Allot Ltd. (NASDAQ:ALLT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,238 shares of the communications equipment provider's stock, valued at approximately $138,000. DCF Advisers LLC owned about 0.06% of Allot as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 51.50% of the company's stock.

About Allot

(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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