AUDC traded down $0.28 on Friday, reaching $15.32. The stock had a trading volume of 89,500 shares, compared to its average volume of 250,039. AudioCodes has a 12-month low of $7.14 and a 12-month high of $17.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.72. The stock has a market capitalization of $457.81 million, a price-to-earnings ratio of 24.92 and a beta of 0.75.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. AudioCodes had a net margin of 7.82% and a return on equity of 19.48%. The company had revenue of $46.58 million during the quarter.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUDC. JPMorgan Chase & Co. purchased a new position in AudioCodes in the third quarter valued at $1,185,000. Vanguard Group Inc. increased its stake in shares of AudioCodes by 1.2% during the third quarter. Vanguard Group Inc. now owns 458,899 shares of the communications equipment provider’s stock worth $4,617,000 after purchasing an additional 5,335 shares in the last quarter. Vanguard Group Inc increased its stake in shares of AudioCodes by 1.2% during the third quarter. Vanguard Group Inc now owns 458,899 shares of the communications equipment provider’s stock worth $4,617,000 after purchasing an additional 5,335 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of AudioCodes during the fourth quarter worth about $234,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of AudioCodes by 580.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,000 shares of the communications equipment provider’s stock worth $168,000 after purchasing an additional 14,500 shares in the last quarter. 28.28% of the stock is owned by institutional investors.
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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