Radcom (NASDAQ:RDCM) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.35 and traded as high as $14.45. Radcom shares last traded at $14.24, with a volume of 55,833 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Stock Performance

The business has a 50-day moving average of $14.35 and a 200-day moving average of $13.03. The stock has a market capitalization of $238.38 million, a price-to-earnings ratio of 18.99 and a beta of 0.71.

Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Radcom had a return on equity of 11.68% and a net margin of 17.18%.The company had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. On average, research analysts predict that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Radcom

Several institutional investors and hedge funds have recently bought and sold shares of RDCM. NewEdge Advisors LLC acquired a new stake in Radcom during the 1st quarter worth $369,000. Lazard Asset Management LLC purchased a new stake in shares of Radcom in the first quarter valued at about $236,000. Private Advisor Group LLC raised its holdings in shares of Radcom by 2.1% in the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after buying an additional 7,372 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Radcom by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after buying an additional 5,380 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Radcom by 37.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock worth $262,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.