Allot Communications (NASDAQ:ALLT) Rating Lowered to “Hold” at StockNews.com

Allot Communications (NASDAQ:ALLT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Allot Communications Trading Down 1.2 %

ALLT traded down $0.11 on Friday, reaching $9.15. 676,707 shares of the company’s stock were exchanged, compared to its average volume of 1,072,865. The company’s 50 day moving average is $6.59 and its 200-day moving average is $4.45. The company has a market cap of $351.73 million, a price-to-earnings ratio of -14.08 and a beta of 1.05. Allot Communications has a twelve month low of $1.71 and a twelve month high of $9.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.

Institutional Trading of Allot Communications

A hedge fund recently raised its stake in Allot Communications stock. FNY Investment Advisers LLC increased its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,537 shares of the communications equipment provider’s stock after purchasing an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of Allot Communications worth $205,000 at the end of the most recent reporting period. 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.