B Communications (OTCMKTS:BCOMF) Shares Gap Up - Here's What Happened

Key Points

• B Communications Ltd's shares gapped up significantly, opening at $6.69 after a previous close of $5.93, marking a increase of 12.7%.
• The company's market capitalization is $696.31 million with a price-to-earnings ratio of 23.88, indicating relatively high valuation metrics.
• B Communications provides a variety of telecommunications services in Israel, including landline, cellular, and international services through its various segments.

B Communications Ltd. (OTCMKTS:BCOMF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.93, but opened at $6.69. B Communications shares last traded at $6.69, with a volume of 304 shares trading hands.

B Communications Stock Performance

The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $696.31 million, a PE ratio of 23.88 and a beta of 1.15. The stock has a 50 day moving average price of $7.01 and a 200-day moving average price of $5.44.

About B Communications

B Communications Ltd., through its subsidiaries, provides a range of telecommunications services for business and private customers in Israel. It operates through Interior Landline Communication, Cellular Communication, Bezeq International Services, and Multi-Channel TV segments. The company offers landline interior communications, including telephony, internet services and infrastructure, transmission and data communication, and wholesale services; and cellular radio-telephone services.