Radcom Ltd. (RDCM) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the technology sector halfway through the trading day. At the lunch break, shares of RDCM have fallen 4.8% to $19.25 after closing the day prior at $20.22. So far, the stock has traded as high as $20.32 and as low as $19.22. Today’s decline has come with about 68,053 shares changing hands, compared to an average 30-day volume of 211,196 for Radcom Ltd.. The price is currently below the 30-day volume weighted average price of $19.72 for RDCM.
The share depreciation gives the company a market capitalization of $228.8 million based upon 11.32 million shares outstanding. It also means that RDCM has a price-to-book ratio of 6.12:1.
In the past 52 weeks, shares of RDCM have traded as low as $9.022 and as high as $20.23. Technical traders will take note that at $19.25, shares of RDCM are trading above their 200-day MA at $14.19 and above their 50-day MA at $16.65. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is RDCM?
Radcom Ltd provides service assurance and customer experience management solutions for communications service providers, including LTE, LTE-A, VoLTE, IMS, VoIP, UMTS/GSM and mobile broadband. The company’s 130 employees are led by CEO Yaron Ravkaie from the corporate headquarters at 24 Raoul Wallenberg Street in Tel Aviv, .
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