AudioCodes (NASDAQ:AUDC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

AudioCodes Ltd. (NASDAQ:AUDC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.98 and traded as high as $10.32. AudioCodes shares last traded at $10.22, with a volume of 121,592 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, AudioCodes has an average rating of “Hold”.

AudioCodes Price Performance

The stock has a market cap of $246.84 million, a price-to-earnings ratio of 39.31 and a beta of 0.96. The stock’s 50-day moving average is $9.73 and its 200-day moving average is $8.98.

AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $62.96 million during the quarter, compared to analyst estimates of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a dividend yield of 413.0%. AudioCodes’s payout ratio is currently 153.85%.

Insider Transactions at AudioCodes

In other AudioCodes news, EVP Lior Aldema sold 2,812 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the sale, the executive vice president directly owned 104,065 shares in the company, valued at $1,038,568.70. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,374 shares of company stock worth $93,178 over the last ninety days. 48.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AudioCodes

Several large investors have recently made changes to their positions in AUDC. AXQ Capital LP acquired a new stake in AudioCodes in the 2nd quarter valued at $116,000. Headlands Technologies LLC purchased a new position in AudioCodes in the second quarter valued at about $111,000. Public Employees Retirement System of Ohio acquired a new stake in AudioCodes during the 2nd quarter valued at approximately $592,000. NewEdge Advisors LLC grew its stake in AudioCodes by 49.5% during the 1st quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider’s stock valued at $215,000 after purchasing an additional 8,475 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after purchasing an additional 82,016 shares during the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.