AudioCodes Ltd. (NASDAQ:AUDC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.71 and traded as high as $9.83. AudioCodes shares last traded at $9.75, with a volume of 72,767 shares.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Analysis on AudioCodes
AudioCodes Price Performance
AudioCodes (NASDAQ:AUDC – Get Free Report) last released its earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). AudioCodes had a return on equity of 6.33% and a net margin of 2.79%.The company had revenue of $62.14 million during the quarter, compared to the consensus estimate of $61.50 million.
Institutional Trading of AudioCodes
Several institutional investors have recently bought and sold shares of AUDC. Raymond James Financial Inc. bought a new stake in AudioCodes during the 2nd quarter valued at about $43,000. Barclays PLC lifted its stake in shares of AudioCodes by 3,621.4% in the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 7,098 shares in the last quarter. Jump Financial LLC bought a new position in shares of AudioCodes in the second quarter worth approximately $127,000. NewEdge Advisors LLC bought a new position in shares of AudioCodes in the fourth quarter worth approximately $150,000. Finally, SIH Partners LLLP purchased a new stake in shares of AudioCodes during the third quarter valued at approximately $170,000. 68.05% of the stock is owned by hedge funds and other institutional investors.
AudioCodes Company Profile
AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.
Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.
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