Partner Communications (NASDAQ:PTNR) Sees Unusually-High Trading Volume

Partner Communications Company Ltd. (NASDAQ:PTNR) shares saw an uptick in trading volume on Friday . 580 shares changed hands during mid-day trading, a decline of 89% from the previous session’s volume of 5,051 shares.The stock last traded at $4.41 and had previously closed at $4.50.

Separately, Barclays reiterated an “equal weight” rating on shares of Partner Communications in a research note on Tuesday, June 1st.

The company has a market cap of $806.27 million, a PE ratio of 150.05 and a beta of 0.89. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $4.57.

Partner Communications (NASDAQ:PTNR) last posted its earnings results on Thursday, March 25th. The Wireless communications provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The business had revenue of $251.00 million during the quarter. Partner Communications had a return on equity of 1.20% and a net margin of 0.64%.

A hedge fund recently bought a new stake in Partner Communications stock. Comerica Bank bought a new position in Partner Communications Company Ltd. (NASDAQ:PTNR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,242 shares of the Wireless communications provider’s stock, valued at approximately $45,000. 2.05% of the stock is owned by institutional investors.

About Partner Communications (NASDAQ:PTNR)

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, internet browsing and data transfer, content, and roaming services, as well as services provided to other operators that are permitted to use its cellular network.

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