RADCOM (NASDAQ:RDCM) Stock Price Passes Above 200-Day Moving Average of $8.18

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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.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Monday, August 12th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.29. RADCOM had a negative return on equity of 9.72% and a negative net margin of 27.95%. The firm had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $3.70 million. Equities analysts expect that RADCOM Ltd. will post -0.47 earnings per share for the current fiscal year.

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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