B Communications (NASDAQ:BCOM) Shares Pass Above Two Hundred Day Moving Average of $2.37

Shares of B Communications Ltd (NASDAQ:BCOM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.37 and traded as high as $1.42. B Communications shares last traded at $1.36, with a volume of 2,701 shares.

The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 9.52. The stock’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $2.37.

B Communications (NASDAQ:BCOM) last announced its quarterly earnings data on Thursday, May 30th. The utilities provider reported $0.34 earnings per share for the quarter. The firm had revenue of $623.00 million during the quarter. B Communications had a negative net margin of 11.63% and a negative return on equity of 24.31%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of B Communications in the 4th quarter worth approximately $257,000. Commonwealth Bank of Australia lifted its holdings in shares of B Communications by 141.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 130,075 shares of the utilities provider’s stock worth $231,000 after acquiring an additional 76,185 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of B Communications by 180.4% in the 1st quarter. Acadian Asset Management LLC now owns 198,372 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 127,635 shares during the last quarter. Hedge funds and other institutional investors own 5.01% of the company’s stock.

About B Communications (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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