magicJack VocalTec Ltd. (CALL) Sees Strong Trading Volume
Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) saw strong trading volume on Friday . 210,410 shares were traded during trading, an increase of 101% from the previous session’s volume of 104,811 shares.The stock last traded at $5.73 and had previously closed at $5.46.
Separately, Zacks Investment Research raised shares of magicJack VocalTec from a “sell” rating to a “hold” rating in a research report on Friday.
The firm has a market cap of $91.96 million and a price-to-earnings ratio of 10.64. The company has a 50-day moving average price of $6.07 and a 200-day moving average price of $6.49.
magicJack VocalTec (NASDAQ:CALL) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. The business had revenue of $25.30 million for the quarter, compared to the consensus estimate of $26.60 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts anticipate that magicJack VocalTec Ltd. will post $0.64 EPS for the current year.
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.
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