RADCOM Ltd. (NASDAQ:RDCM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.18 and traded as high as $9.40. RADCOM shares last traded at $9.62, with a volume of 50 shares.
Several research analysts have recently issued reports on RDCM shares. Zacks Investment Research upgraded RADCOM from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Saturday, August 17th. ValuEngine upgraded RADCOM from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.50.
The stock has a market capitalization of $132.11 million, a PE ratio of -52.83 and a beta of 0.34. The company has a quick ratio of 7.74, a current ratio of 7.80 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $8.69 and a 200-day moving average price of $8.19.
Several large investors have recently made changes to their positions in the company. ARK Investment Management LLC raised its stake in shares of RADCOM by 3.5% in the second quarter. ARK Investment Management LLC now owns 59,552 shares of the technology company’s stock worth $490,000 after purchasing an additional 2,020 shares during the last quarter. Delek Group Ltd. raised its position in RADCOM by 1.9% during the first quarter. Delek Group Ltd. now owns 285,264 shares of the technology company’s stock valued at $2,106,000 after acquiring an additional 5,264 shares in the last quarter. ETF Managers Group LLC raised its position in RADCOM by 27.5% during the second quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after acquiring an additional 6,910 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC raised its position in RADCOM by 7.6% during the second quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock valued at $2,395,000 after acquiring an additional 20,454 shares in the last quarter. Hedge funds and other institutional investors own 22.88% of the company’s stock.
RADCOM Company Profile (NASDAQ:RDCM)
RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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