Cellcom Israel (OTCMKTS:CELJF) Trading Down 9.2% – Here’s Why

Cellcom Israel, Ltd. (OTCMKTS:CELJF) shares dropped 9.2% during trading on Tuesday . The stock traded as low as $10.10 and last traded at $10.10. Approximately 437 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,707 shares. The stock had previously closed at $11.1275.

Cellcom Israel Stock Performance

The stock has a 50 day moving average of $9.88 and a two-hundred day moving average of $8.58. The stock has a market capitalization of $1.79 billion, a PE ratio of 28.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.60.

Cellcom Israel (OTCMKTS:CELJF) last released its earnings results on Wednesday, October 15th. The company reported $0.11 EPS for the quarter. The company had revenue of $311.45 million during the quarter. Cellcom Israel had a return on equity of 9.76% and a net margin of 5.40%.

About Cellcom Israel

Cellcom Israel Ltd. provides cellular communications services in Israel. It operates in two segments, Cellular and Fixed-line. The Cellular segment offers cellular communications, and cellular equipment and related services. The Fixed-line segment provides infrastructure and internet access, internet-based television, international telephony, landline telephony services, and transmission services for business customers and for telecommunication operators; and conferencing, cloud computing, and server hosting services, as well as IOT solutions.