Audiocodes Limited Sets New 1-Year High at $7.69 (AUDC)
Audiocodes Limited (NASDAQ:AUDC) set a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $7.69 and last traded at $7.64, with a volume of 494,887 shares. The stock had previously closed at $7.12.
Separately, analysts at Oppenheimer downgraded shares of Audiocodes Limited from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 8th. They now have a $7.00 price target on the stock. They noted that the move was a valuation call.
Audiocodes Limited has a one year low of $3.02 and a one year high of $7.62. The stock has a 50-day moving average of $6.55 and a 200-day moving average of $6.00. The company has a market cap of $292.6 million and a price-to-earnings ratio of 136.92.
Audiocodes Limited (NASDAQ:AUDC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $34.78 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis.
AudioCodes Ltd. (NASDAQ:AUDC) designs, develops and sells products for voice and data over packet networks.
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