Allot Communications (NASDAQ:ALLT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Allot Communications Ltd (NASDAQ:ALLT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.00 and traded as high as $5.19. Allot Communications shares last traded at $5.09, with a volume of 730,149 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Allot Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Allot Communications Price Performance

The firm has a market capitalization of $202.20 million, a P/E ratio of -8.09 and a beta of 1.24. The stock’s 50 day simple moving average is $7.29 and its 200 day simple moving average is $5.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.

Allot Communications (NASDAQ:ALLT) last announced its quarterly earnings results on Tuesday, February 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The firm had revenue of $24.91 million during the quarter, compared to analyst estimates of $24.40 million. Allot Communications had a negative return on equity of 48.04% and a negative net margin of 26.69%. As a group, analysts expect that Allot Communications Ltd will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC increased its holdings in Allot Communications Ltd (NASDAQ:ALLT) by 345.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after buying an additional 26,778 shares during the period. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent filing with the Securities & Exchange Commission. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

About Allot Communications

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.