Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down - What's Next?

Key Points

• Shares gapped down — Cellcom's stock opened at $9.00 after closing at $11.1435 (about a 19% drop) and last traded at $9.00 on very light volume (150 shares).
• Quarterly results and valuation — The company reported EPS of $0.13 on $307.28 million revenue, with a net margin of 5.98% and ROE of 10.12%; the stock has a market cap of $1.47 billion and a P/E of 21.43.
• Technical and liquidity picture — Fifty- and two-hundred-day moving averages are both around $11, the current and quick ratios are low at 0.68 and 0.63 respectively, and debt-to-equity is a moderate 0.35.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.1435, but opened at $9.00. Cellcom Israel shares last traded at $9.00, with a volume of 150 shares.

Cellcom Israel Stock Performance

The business's fifty day moving average price is $11.05 and its two-hundred day moving average price is $10.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $1.47 billion, a P/E ratio of 21.43 and a beta of 0.93.

Cellcom Israel (OTCMKTS:CELJF - Get Free Report) last posted its earnings results on Monday, January 12th. The company reported $0.13 earnings per share for the quarter. Cellcom Israel had a net margin of 5.98% and a return on equity of 10.12%. The firm had revenue of $307.28 million for the 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.

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