Allot Communications (NASDAQ:ALLT) Shares Cross Above Two Hundred Day Moving Average of $1.82

Allot Communications Ltd (NASDAQ:ALLT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.82 and traded as high as $2.20. Allot Communications shares last traded at $2.14, with a volume of 8,930 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Allot Communications in a research note on Friday. They issued a “sell” rating on the stock.

Allot Communications Stock Performance

The firm’s fifty day moving average price is $2.13 and its 200-day moving average price is $1.82. The company has a market cap of $82.27 million, a P/E ratio of -1.30 and a beta of 1.02. The company has a current ratio of 2.28, a quick ratio of 1.98 and a debt-to-equity ratio of 0.80.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Thursday, February 15th. The communications equipment provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.27). The firm had revenue of $24.34 million for the quarter, compared to analyst estimates of $22.40 million. Allot Communications had a negative return on equity of 87.18% and a negative net margin of 67.42%. As a group, research analysts forecast that Allot Communications Ltd will post -0.44 EPS for the current fiscal year.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.