Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) dropped 3% during trading on Wednesday . The company traded as low as $6.02 and last traded at $6.07, with a volume of 62,716 shares traded. The stock had previously closed at $6.26.

Separately, Zacks Investment Research upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Thursday, August 25th.

The stock has a market cap of $95.92 million, a PE ratio of 11.10 and a beta of 1.15. The stock’s 50 day moving average is $6.11 and its 200 day moving average is $6.26.

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magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. magicJack VocalTec had a return on equity of 33.80% and a net margin of 8.89%. The firm earned $25.30 million during the quarter, compared to analyst estimates of $26.60 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts predict that magicJack VocalTec Ltd. will post $0.64 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CALL. O Shaughnessy Asset Management LLC raised its position in shares of magicJack VocalTec by 425.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 21,640 shares of the company’s stock valued at $136,000 after buying an additional 17,522 shares in the last quarter. Citadel Advisors LLC raised its position in shares of magicJack VocalTec by 60.1% in the second quarter. Citadel Advisors LLC now owns 21,940 shares of the company’s stock valued at $138,000 after buying an additional 8,240 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of magicJack VocalTec by 18.0% in the second quarter. A.R.T. Advisors LLC now owns 22,286 shares of the company’s stock valued at $140,000 after buying an additional 3,400 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of magicJack VocalTec by 113.1% in the second quarter. Acrospire Investment Management LLC now owns 25,083 shares of the company’s stock valued at $158,000 after buying an additional 13,313 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of magicJack VocalTec by 236.3% in the first quarter. Geode Capital Management LLC now owns 62,473 shares of the company’s stock valued at $409,000 after buying an additional 43,895 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

About magicJack VocalTec

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

5 Day Chart for NASDAQ:CALL

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