Shares of AudioCodes Ltd. (NASDAQ:AUDC) were down 4.4% during trading on Wednesday . The stock traded as low as $4.13 and last traded at $4.16, with a volume of 56,669 shares traded. The stock had previously closed at $4.35.

Several analysts have recently commented on AUDC shares. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research report on Tuesday. Zacks Investment Research raised shares of AudioCodes from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Friday, May 6th. Finally, Needham & Company LLC raised their price objective on shares of AudioCodes from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday.

The stock has a market cap of $156.54 million and a P/E ratio of 381.82. The stock has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.21.

AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm earned $35.90 million during the quarter, compared to the consensus estimate of $35.38 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts predict that AudioCodes Ltd. will post $0.25 earnings per share for the current year.

AudioCodes Ltd. designs, develops and sells products and services for voice and data over packet networks. The Company’s products primarily provide the media gateway and session border controllers (SBC) element in the network, as well as voice over Internet protocol (VoIP), end-points, such as Internet protocol (IP) Phones and VoIP mobile clients.

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