Allot Ltd. (NASDAQ:ALLT - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 9,465 call options on the stock. This is an increase of 815% compared to the average daily volume of 1,034 call options.
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 Research Report on Allot
Allot Stock Up 3.4%
Allot stock traded up $0.30 during midday trading on Wednesday, hitting $8.93. The stock had a trading volume of 141,946 shares, compared to its average volume of 433,824. The business has a fifty day moving average price of $7.19 and a 200 day moving average price of $6.67. Allot has a 12 month low of $2.02 and a 12 month high of $9.44. The stock has a market cap of $352.81 million, a P/E ratio of -89.09 and a beta of 1.38. The company has a current ratio of 2.49, a quick ratio of 2.27 and a debt-to-equity ratio of 0.80.
Hedge Funds Weigh In On Allot
An institutional investor recently bought a new position in Allot stock. DCF Advisers LLC purchased a new stake in shares of Allot Ltd. (NASDAQ:ALLT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,238 shares of the communications equipment provider's stock, valued at approximately $138,000. DCF Advisers LLC owned 0.06% of Allot as of its most recent filing with the Securities and Exchange Commission. 51.50% of the stock is owned by institutional investors.
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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