Allot Ltd. (NASDAQ:ALLT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.25 and traded as high as $8.32. Allot shares last traded at $8.04, with a volume of 695,914 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Allot from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.
Check Out Our Latest Report on Allot
Allot Stock Performance
The stock's 50 day moving average is $8.58 and its two-hundred day moving average is $7.27. The stock has a market capitalization of $364.80 million, a price-to-earnings ratio of -78.39 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.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in ALLT. DCF Advisers LLC bought a new position in shares of Allot during the 1st quarter worth approximately $138,000. Cloud Capital Management LLC bought a new stake in shares of Allot during the 1st quarter valued at about $452,000. Silverberg Bernstein Capital Management LLC increased its position in Allot by 38.1% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 146,172 shares of the communications equipment provider's stock valued at $1,250,000 after buying an additional 40,300 shares in the last quarter. Finally, Kanen Wealth Management LLC lifted its holdings in shares of Allot by 19.6% during the second quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider's stock valued at $38,713,000 after purchasing an additional 742,146 shares in the last quarter. 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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