Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down – Should You Sell?

Cellcom Israel, Ltd. (OTCMKTS:CELJF) gapped down prior to trading on Thursday . The stock had previously closed at $11.33, but opened at $10.12. Cellcom Israel shares last traded at $11.20, with a volume of 1,200 shares.

Cellcom Israel Price Performance

The company has a market cap of $1.90 billion, a price-to-earnings ratio of 27.62 and a beta of 0.89. The company’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $10.99.

Hedge Funds Weigh In On Cellcom Israel

A hedge fund recently bought a new stake in Cellcom Israel stock. AWM Investment Company Inc. purchased a new position in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 624,700 shares of the company’s stock, valued at approximately $5,529,000. AWM Investment Company Inc. owned approximately 0.38% of Cellcom Israel at the end of the most recent quarter.

About Cellcom Israel

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.