Radcom (NASDAQ:RDCM) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Shares of Radcom Ltd. (NASDAQ:RDCM - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.53 and traded as low as $12.42. Radcom shares last traded at $13.15, with a volume of 71,329 shares trading hands.

Analyst Upgrades and Downgrades

RDCM has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Radcom from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

Radcom Stock Down 1.0%

The company has a market cap of $203.89 million, a price-to-earnings ratio of 24.11 and a beta of 0.73. The company's fifty day moving average price is $13.03 and its two-hundred day moving average price is $12.53.

Institutional Trading of Radcom

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in Radcom during the 4th quarter worth $31,000. JPMorgan Chase & Co. increased its stake in Radcom by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock valued at $57,000 after buying an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in Radcom in the 4th quarter valued at $62,000. Prudential Financial Inc. acquired a new stake in Radcom in the 4th quarter valued at $183,000. Finally, Northern Trust Corp acquired a new position in shares of Radcom during the 4th quarter worth about $269,000. Institutional investors and hedge funds own 48.32% of the company's stock.

Radcom Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.