B Communications (OTCMKTS:BCOMF) Shares Gap Down – Here’s What Happened

Shares of B Communications Ltd. (OTCMKTS:BCOMFGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $13.87, but opened at $7.84. B Communications shares last traded at $7.84, with a volume of 101 shares changing hands.

B Communications Trading Down 43.5%

The business’s 50-day simple moving average is $8.59 and its 200-day simple moving average is $7.50. The company has a market cap of $816.63 million, a price-to-earnings ratio of 10.45 and a beta of 1.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.93 and a quick ratio of 0.91.

B Communications Company Profile

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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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