B Communications (OTCMKTS:BCOMF) Reaches New 1-Year Low – Here’s Why

B Communications Ltd. (OTCMKTS:BCOMFGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.28 and last traded at $7.84, with a volume of 10508 shares changing hands. The stock had previously closed at $7.50.

B Communications Trading Up 4.5%

The firm’s 50 day simple moving average is $7.37 and its 200-day simple moving average is $6.87. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $816.61 million, a PE ratio of 10.45 and a beta of 1.40.

About B Communications

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B Communications Ltd is an Israel‐based holding company whose principal asset is its controlling equity interest in Bezeq The Israel Telecommunication Corporation Ltd, the country’s largest integrated telecommunications provider. B Communications itself does not operate telecom services directly but derives its revenues and strategic direction from its stake in Bezeq, which offers a full suite of communications services across Israel.

Through Bezeq and its subsidiaries, B Communications benefits from operations in fixed-line telephony, broadband internet access, cellular mobile services, international communications and pay-TV broadcasting.

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