Allot Communications (NASDAQ:ALLT) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Allot Communications Ltd (NASDAQ:ALLT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.56 and traded as high as $7.15. Allot Communications shares last traded at $6.90, with a volume of 1,300,667 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Allot Communications Stock Performance

The stock has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $3.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32. The stock has a market capitalization of $265.25 million, a price-to-earnings ratio of -10.62 and a beta of 1.00.

Allot Communications Company Profile

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.