B Communications (OTCMKTS:BCOMF) Shares Down 21.6% – Here’s Why

B Communications Ltd. (OTCMKTS:BCOMF) dropped 21.6% during mid-day trading on Monday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 510 shares were traded during trading, an increase of 88% from the average daily volume of 271 shares. The stock had previously closed at $5.10.

B Communications Stock Down 21.6%

The company’s 50-day simple moving average is $8.25 and its two-hundred day simple moving average is $7.49. The firm has a market capitalization of $416.64 million, a P/E ratio of 5.33 and a beta of 1.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.93 and a quick ratio of 0.91.

About B Communications

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.