AudioCodes (NASDAQ:AUDC) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

AudioCodes Ltd. (NASDAQ:AUDC – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.63 and traded as high as $11.32. AudioCodes shares last traded at $11.29, with a volume of 170,737 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AUDC. Wall Street Zen raised AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

View Our Latest Research Report on AUDC

AudioCodes Trading Down 0.8%

The firm has a 50 day moving average price of $10.31 and a 200 day moving average price of $9.64. The stock has a market capitalization of $270.48 million, a PE ratio of 43.08 and a beta of 1.02.

AudioCodes (NASDAQ:AUDC – Get Free Report) last released its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $62.96 million for the quarter, compared to the consensus estimate of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.20 per share. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend was Wednesday, August 19th. AudioCodes’s payout ratio is presently 153.85%.

Insider Buying and Selling

In related news, EVP Lior Aldema sold 2,812 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the transaction, the executive vice president directly owned 104,065 shares in the company, valued at approximately $1,038,568.70. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Zehava Simon sold 27,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $267,570.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 42,374 shares of company stock valued at $420,928. 48.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AudioCodes

Several large investors have recently added to or reduced their stakes in AUDC. Assenagon Asset Management S.A. purchased a new stake in AudioCodes during the first quarter valued at $1,238,000. Heartland Advisors Inc. lifted its position in AudioCodes by 15.8% during the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock valued at $8,122,000 after purchasing an additional 131,934 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in AudioCodes by 12.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock valued at $6,209,000 after purchasing an additional 82,016 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of AudioCodes in the 2nd quarter worth $592,000. Finally, AXQ Capital LP purchased a new position in shares of AudioCodes in the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

About AudioCodes

(Get Free Report)

AudioCodes Ltd. (NASDAQ: AUDC) is an Israel-based communications technology company that develops products and services for voice, video and unified communications. Its solutions help enterprises and telecommunications providers connect traditional telephony systems with internet protocol (IP) networks and cloud-based communications platforms.

The company’s offerings include session border controllers, media gateways, business phone systems, voice network management tools and professional services.

Further Reading

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