AudioCodes (NASDAQ:AUDC) Stock Crosses Above Two Hundred 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 Monday . The stock has a 200-day moving average of $9.90 and traded as high as $11.65. AudioCodes shares last traded at $11.33, with a volume of 84,785 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of AudioCodes from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Barclays upped their price target on AudioCodes from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised AudioCodes from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 5th.

AudioCodes Stock Performance

The firm has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $9.92. The company has a market capitalization of $332.99 million, a P/E ratio of 22.04 and a beta of 0.80.

AudioCodes (NASDAQ:AUDC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. AudioCodes had a return on equity of 10.47% and a net margin of 6.32%. On average, equities analysts expect that AudioCodes Ltd. will post 0.7 earnings per share for the current year.

Remove Ads

AudioCodes Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 3%. AudioCodes's dividend payout ratio (DPR) is presently 72.00%.

Institutional Trading of AudioCodes

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of AudioCodes by 151.8% in the fourth quarter. Blue Trust Inc. now owns 3,624 shares of the communications equipment provider's stock valued at $35,000 after buying an additional 2,185 shares during the last quarter. R Squared Ltd acquired a new stake in AudioCodes in the 4th quarter valued at about $97,000. Norges Bank bought a new position in shares of AudioCodes in the fourth quarter worth about $120,000. DGS Capital Management LLC lifted its position in shares of AudioCodes by 72.8% during the third quarter. DGS Capital Management LLC now owns 21,672 shares of the communications equipment provider's stock worth $211,000 after purchasing an additional 9,133 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of AudioCodes during the fourth quarter valued at approximately $406,000. Institutional investors and hedge funds own 68.05% of the company's stock.

AudioCodes Company Profile

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.