RADCOM Ltd. (NASDAQ:RDCM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised RADCOM from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, August 17th. ValuEngine raised RADCOM from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $11.50.
The stock has a 50 day simple moving average of $8.69 and a two-hundred day simple moving average of $8.19. The company has a market cap of $132.11 million, a price-to-earnings ratio of -52.83 and a beta of 0.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.80 and a quick ratio of 7.74.
RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Monday, August 12th. The technology company reported ($0.07) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $8.55 million for the quarter, compared to analyst estimates of $3.70 million. As a group, research analysts forecast that RADCOM Ltd. will post -0.47 EPS for the current year.
A number of large investors have recently bought and sold shares of RDCM. Taylor Frigon Capital Management LLC raised its position in RADCOM by 7.6% in 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 purchasing an additional 20,454 shares during the period. ETF Managers Group LLC raised its holdings in shares of RADCOM by 27.5% in the 2nd quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after buying an additional 6,910 shares during the period. Delek Group Ltd. raised its holdings in shares of RADCOM by 1.9% in the 1st quarter. Delek Group Ltd. now owns 285,264 shares of the technology company’s stock valued at $2,106,000 after buying an additional 5,264 shares during the period. Finally, ARK Investment Management LLC raised its holdings in shares of RADCOM by 9.4% in the 1st quarter. ARK Investment Management LLC now owns 57,532 shares of the technology company’s stock valued at $427,000 after buying an additional 4,947 shares during the period. Institutional investors own 22.88% of the company’s stock.
About RADCOM (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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