magicJack VocalTec (CALL) Lifted to “Strong-Buy” at ValuEngine
magicJack VocalTec (NASDAQ:CALL) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
magicJack VocalTec (NASDAQ:CALL) traded down $0.05 during trading on Thursday, reaching $8.35. The company’s stock had a trading volume of 281,852 shares, compared to its average volume of 96,605. The stock has a market capitalization of $133.76, a price-to-earnings ratio of -5.68 and a beta of 0.84. magicJack VocalTec has a one year low of $5.55 and a one year high of $8.90.
A number of institutional investors have recently bought and sold shares of CALL. Virtu Financial LLC purchased a new stake in magicJack VocalTec during the fourth quarter worth $160,000. Citadel Advisors LLC increased its position in shares of magicJack VocalTec by 110.1% during the third quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock worth $284,000 after purchasing an additional 20,818 shares in the last quarter. ARK Investment Management LLC acquired a new position in shares of magicJack VocalTec during the fourth quarter worth $314,000. Wolverine Asset Management LLC acquired a new position in shares of magicJack VocalTec during the fourth quarter worth $318,000. Finally, Cutler Group LP increased its position in shares of magicJack VocalTec by 610.4% during the fourth quarter. Cutler Group LP now owns 45,389 shares of the technology company’s stock worth $383,000 after purchasing an additional 39,000 shares in the last quarter. Institutional investors own 60.97% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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