Allot Ltd. (NASDAQ:ALLT - Get Free Report) shares 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.
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.
View Our Latest Stock Analysis on ALLT
Allot Trading Up 0.9%
The stock has a market capitalization of $339.96 million, a P/E ratio of -85.99 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 stock's fifty day moving average price is $7.95 and its two-hundred day moving average price is $7.01.
Institutional Investors Weigh In On Allot
A hedge fund recently bought a new stake in Allot stock. Cloud Capital Management LLC purchased a new stake in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 owned by institutional investors and hedge funds.
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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