RADCOM (NASDAQ:RDCM) Shares Pass Above 200 Day Moving Average - Here's What Happened

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.23 and traded as high as $13.43. RADCOM shares last traded at $13.43, with a volume of 28,204 shares.

Wall Street Analysts Forecast Growth

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

RADCOM Price Performance

The company has a market capitalization of $203.76 million, a price-to-earnings ratio of 29.57 and a beta of 0.71. The business's 50-day moving average price is $11.87 and its two-hundred day moving average price is $12.29.

Institutional Trading of RADCOM

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

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.