Radcom Ltd. (NASDAQ:RDCM - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Radcom from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Needham & Company LLC raised their target price on Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 15th.
View Our Latest Research Report on RDCM
Radcom Stock Performance
The stock has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $12.56. The company has a market capitalization of $227.07 million, a PE ratio of 26.85 and a beta of 0.73.
Institutional Trading of Radcom
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Radcom during the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. raised its position in shares of Radcom by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after acquiring an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Radcom during the fourth quarter worth $62,000. Prudential Financial Inc. bought a new stake in shares of Radcom during the fourth quarter worth $183,000. Finally, Northern Trust Corp bought a new stake in shares of Radcom during the fourth quarter worth $269,000. Institutional investors and hedge funds own 48.32% of the company's stock.
About Radcom
(
Get Free Report)
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.
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