AudioCodes (NASDAQ:AUDC) Reaches New 12-Month High at $24.49

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AudioCodes Ltd. (NASDAQ:AUDC)’s stock price hit a new 52-week high on Monday . The company traded as high as $24.49 and last traded at $24.21, with a volume of 220474 shares. The stock had previously closed at $23.97.

A number of equities analysts have recently commented on AUDC shares. ValuEngine upgraded AudioCodes from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. BidaskClub upgraded AudioCodes from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.36. The business has a 50 day moving average price of $20.78 and a 200 day moving average price of $17.98. The firm has a market capitalization of $701.37 million, a P/E ratio of 32.84 and a beta of 0.59.

AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $51.41 million for the quarter. AudioCodes had a return on equity of 23.08% and a net margin of 8.66%.

Institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP increased its stake in AudioCodes by 228.4% during the second quarter. Systematic Financial Management LP now owns 60,930 shares of the communications equipment provider’s stock valued at $943,000 after acquiring an additional 42,375 shares during the period. Yorktown Management & Research Co Inc bought a new position in AudioCodes during the second quarter valued at about $635,000. Alpine Woods Capital Investors LLC increased its stake in AudioCodes by 33.3% during the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the communications equipment provider’s stock valued at $310,000 after acquiring an additional 5,000 shares during the period. Altshuler Shaham Ltd increased its stake in AudioCodes by 22.1% during the second quarter. Altshuler Shaham Ltd now owns 285,252 shares of the communications equipment provider’s stock valued at $4,463,000 after acquiring an additional 51,551 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in AudioCodes during the second quarter valued at about $602,000. Institutional investors and hedge funds own 32.53% of the company’s stock.

About AudioCodes (NASDAQ:AUDC)

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.

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