B Communications (OTCMKTS:BCOMF) Stock Price Down 17.5% – Here’s What Happened

Shares of B Communications Ltd. (OTCMKTS:BCOMF) dropped 17.5% during mid-day trading on Friday . The company traded as low as $8.2501 and last traded at $8.2501. Approximately 110 shares were traded during trading, a decline of 95% from the average daily volume of 2,289 shares. The stock had previously closed at $10.00.

B Communications Stock Down 17.5%

The business has a 50-day moving average price of $8.94 and a 200-day moving average price of $7.71. The stock has a market cap of $859.33 million, a PE ratio of 11.00 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16.

B Communications Company Profile

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.