Cellcom Israel (OTCMKTS:CELJF) Sees Strong Trading Volume – Time to Buy?

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) saw unusually-high trading volume on Tuesday . Approximately 1,001 shares changed hands during trading, a decline of 15% from the previous session’s volume of 1,183 shares.The stock last traded at $11.33 and had previously closed at $10.71.

Cellcom Israel Price Performance

The firm has a market capitalization of $1.85 billion, a PE ratio of 26.98 and a beta of 0.89. The stock’s 50-day moving average price is $10.51 and its 200 day moving average price is $11.00.

Hedge Funds Weigh In On Cellcom Israel

An institutional investor recently bought a new stake in Cellcom Israel stock. AWM Investment Company Inc. bought a new stake in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 951,796 shares of the company’s stock, valued at approximately $13,420,000. Cellcom Israel makes up approximately 1.2% of AWM Investment Company Inc.’s holdings, making the stock its 27th largest holding. AWM Investment Company Inc. owned approximately 0.58% of Cellcom Israel as of its most recent filing with the Securities and Exchange Commission.

Cellcom Israel Company Profile

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.