B Communications (OTCMKTS:BCOMF) Shares Gap Down – What’s Next?

Shares of B Communications Ltd. (OTCMKTS:BCOMF) gapped down before the market opened on Wednesday . The stock had previously closed at $13.87, but opened at $8.50. B Communications shares last traded at $8.50, with a volume of 205 shares changing hands.

B Communications Stock Down 38.7%

The stock has a market capitalization of $885.38 million, a P/E ratio of 11.33 and a beta of 1.47. The stock has a 50 day moving average price of $8.86 and a 200-day moving average price of $7.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.93 and a quick ratio of 0.91.

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.