magicJack VocalTec Ltd (NASDAQ:CALL) shares saw unusually-strong trading volume on Thursday . Approximately 5,757 shares traded hands during mid-day trading, a decline of 92% from the previous session’s volume of 75,629 shares.The stock last traded at $8.67 and had previously closed at $8.67.
Separately, ValuEngine raised magicJack VocalTec from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th.
The stock has a market capitalization of $140.50 million, a P/E ratio of 8.18 and a beta of 0.69.
Several institutional investors have recently modified their holdings of the company. S. Muoio & CO. LLC boosted its position in shares of magicJack VocalTec by 57.3% in the third quarter. S. Muoio & CO. LLC now owns 208,839 shares of the technology company’s stock worth $1,744,000 after buying an additional 76,058 shares during the period. FNY Investment Advisers LLC boosted its position in shares of magicJack VocalTec by 63.8% in the third quarter. FNY Investment Advisers LLC now owns 458,225 shares of the technology company’s stock worth $3,803,000 after buying an additional 178,538 shares during the period. Paloma Partners Management Co boosted its position in shares of magicJack VocalTec by 43.9% in the second quarter. Paloma Partners Management Co now owns 153,759 shares of the technology company’s stock worth $1,315,000 after buying an additional 46,878 shares during the period. Fairfax Financial Holdings Ltd Can acquired a new stake in shares of magicJack VocalTec in the second quarter worth $1,041,000. Finally, Renaissance Technologies LLC boosted its position in shares of magicJack VocalTec by 18.8% in the second quarter. Renaissance Technologies LLC now owns 1,248,400 shares of the technology company’s stock worth $10,611,000 after buying an additional 197,561 shares during the period. 66.98% of the stock is owned by institutional investors and hedge funds.
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About magicJack VocalTec (NASDAQ:CALL)
magicJack VocalTec Ltd., together with its subsidiaries, operates as a cloud communications company in the United States. The company's products and services allow users to make and/or receive free telephone calls to and from where the customer has broadband access to the Internet. It provides magicJack devices, such as The magicJack, magicJack PLUS, New magicJack PLUS, magicJack GO, and magicJack EXPRESS, which are voice-over-Internet-Protocol (VoIP) devices that enables customers to receive free VoIP phone service for their home, enterprise, or while traveling.
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