magicJack VocalTec Ltd. (CALL) Shares Down 3.6%
Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) fell 3.6% on Thursday . The stock traded as low as $5.90 and last traded at $5.96, with a volume of 100,884 shares traded. The stock had previously closed at $6.18.
The company has a market cap of $99.57 million and a P/E ratio of 7.97. The firm has a 50 day moving average of $6.23 and a 200-day moving average of $6.79.
magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.13. During the same quarter in the prior year, the business posted $0.31 EPS. The company earned $23.70 million during the quarter, compared to analysts’ expectations of $23.69 million. The company’s revenue was down 7.1% on a year-over-year basis. Analysts forecast that magicJack VocalTec Ltd. will post $0.77 earnings per share for the current fiscal year.
An institutional investor recently raised its position in magicJack VocalTec stock. LSV Asset Management increased its stake in magicJack VocalTec Ltd. (NASDAQ:CALL) by 457.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the company’s stock after buying an additional 123,102 shares during the period. LSV Asset Management owned 0.95% of magicJack VocalTec worth $1,417,000 at the end of the most recent reporting period.
magicJack VocalTec Ltd. (magicJack VocalTec) is a cloud communications company. The Company provides magicJack devices and other magicJack products and services, such as magicJack Devices that include magicJack, magicJack PLUS and magicJack GO, and magicJack APP. The magicJack, magicJack PLUS and magicJack GO are voice-over-Internet-Protocol (VoIP) devices.
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