B Communications (NASDAQ:BCOM) Stock Price Crosses Above Two Hundred Day Moving Average of $1.44

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B Communications Ltd (NASDAQ:BCOM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.44 and traded as high as $1.66. B Communications shares last traded at $1.65, with a volume of 200 shares changing hands.

Separately, ValuEngine raised shares of B Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 9.52. The firm’s fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $1.44.

B Communications (NASDAQ:BCOM) last issued its quarterly earnings results on Thursday, August 29th. The utilities provider reported ($0.51) earnings per share for the quarter. B Communications had a negative net margin of 19.92% and a negative return on equity of 48.78%. The firm had revenue of $624.00 million for the quarter.

An institutional investor recently raised its position in B Communications stock. Commonwealth Bank of Australia raised its position in shares of B Communications Ltd (NASDAQ:BCOM) by 141.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,075 shares of the utilities provider’s stock after purchasing an additional 76,185 shares during the quarter. Commonwealth Bank of Australia owned 0.35% of B Communications worth $231,000 as of its most recent SEC filing. 2.88% of the stock is currently owned by hedge funds and other institutional investors.

B Communications Company Profile (NASDAQ:BCOM)

B Communications Ltd., through its subsidiaries, provides a range of telecommunications services for business and private customers in Israel. The company offers fixed-line telephony, fixed-line broadband Internet infrastructure access, Internet service provider, cellular telephony, international telephony, international and domestic data transfer and network, information and communication technology, pay television, multi-channel television, television and radio broadcasts, satellite broadcasts, and customer call center services, as well as other communications infrastructures and services.

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