RADCOM (NASDAQ:RDCM) Share Price Crosses Below 200-Day Moving Average of $10.15

Shares of RADCOM Ltd. (NASDAQ:RDCM – Get Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.15 and traded as low as $9.49. RADCOM shares last traded at $9.49, with a volume of 2,515 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on RADCOM in a report on Wednesday. They issued a “buy” rating for the company. TheStreet downgraded RADCOM from a “b-” rating to a “c” rating in a report on Tuesday, March 7th.

RADCOM Stock Down 1.2 %

The firm has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $10.15. The stock has a market capitalization of $142.26 million, a P/E ratio of -118.61 and a beta of 0.87.

Hedge Funds Weigh In On RADCOM

Several institutional investors and hedge funds have recently modified their holdings of RDCM. Riggs Asset Managment Co. Inc. purchased a new stake in shares of RADCOM during the third quarter valued at $43,000. Herald Investment Management Ltd boosted its position in shares of RADCOM by 11.8% during the third quarter. Herald Investment Management Ltd now owns 180,000 shares of the technology company’s stock valued at $2,006,000 after buying an additional 19,000 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of RADCOM during the fourth quarter valued at $158,000. JPMorgan Chase & Co. boosted its position in shares of RADCOM by 114.2% during the first quarter. JPMorgan Chase & Co. now owns 3,547 shares of the technology company’s stock valued at $46,000 after buying an additional 1,891 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of RADCOM by 209.3% during the first quarter. Royce & Associates LP now owns 83,500 shares of the technology company’s stock valued at $842,000 after buying an additional 56,500 shares during the last quarter. 23.25% of the stock is currently owned by institutional investors.

About RADCOM

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RADCOM Ltd. is engaged in the provision of cloud-native, network intelligence and service assurance solutions for telecom operators. Its solutions include RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The company was founded by Yehuda Zisapel, Zohar Zisapel, and Nava Zisapel on July 5, 1985 and is headquartered in Tel Aviv, Israel.