RADCOM (NASDAQ:RDCM) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

RADCOM Ltd. (NASDAQ:RDCM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.53 and traded as high as $13.98. RADCOM shares last traded at $13.38, with a volume of 187,013 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

RADCOM Price Performance

The company has a market cap of $209.56 million, a PE ratio of 28.47 and a beta of 0.89. The business’s fifty day simple moving average is $11.75 and its two-hundred day simple moving average is $10.54.

Institutional Trading of RADCOM

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC increased its position in shares of RADCOM Ltd. (NASDAQ:RDCM) by 6.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,808 shares of the technology company’s stock after purchasing an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned approximately 0.62% of RADCOM worth $881,000 as of its most recent filing with the SEC. 48.32% of the stock is currently owned by institutional investors.

About RADCOM

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.