Shares of Associate Communications Firm Ltd. (NASDAQ:PTNR – Get Score) noticed an uptick in buying and selling quantity on Thursday . 1,163 shares had been traded throughout mid-day buying and selling, a decline of 57% from the earlier session’s quantity of two,722 shares.The inventory final traded at $8.60 and had beforehand closed at $8.44.
Wall Road Analyst Weigh In
A variety of brokerages not too long ago weighed in on PTNR. Barclays set a 3,000.00 worth goal on shares of Associate Communications in a analysis notice on Thursday, June 2nd. StockNews.com upgraded shares of Associate Communications from a “maintain” score to a “purchase” score in a analysis notice on Monday, August fifteenth.
Associate Communications Buying and selling Down 1.0 %
The enterprise’s 50 day transferring common is $7.59 and its two-hundred day transferring common is $7.70. The corporate has a fast ratio of 1.03, a present ratio of 1.11 and a debt-to-equity ratio of 0.60. The agency has a market capitalization of $1.59 billion, a P/E ratio of 26.91 and a beta of 0.76.
Associate Communications (NASDAQ:PTNR – Get Score) final issued its quarterly earnings outcomes on Tuesday, Could twenty fourth. The Wi-fi communications supplier reported $0.07 EPS for the quarter. Associate Communications had a internet margin of 5.44% and a return on fairness of 9.89%. The agency had income of $269.00 million for the quarter.
Institutional Traders Weigh In On Associate Communications
A number of hedge funds and different institutional traders have not too long ago purchased and bought shares of PTNR. Harel Insurance coverage Investments & Monetary Providers Ltd. purchased a brand new stake in Associate Communications within the fourth quarter price about $162,000. Envestnet Asset Administration Inc. purchased a brand new stake in Associate Communications within the first quarter price about $94,000. Jane Road Group LLC raised its place in Associate Communications by 241.7% within the first quarter. Jane Road Group LLC now owns 39,399 shares of the Wi-fi communications supplier’s inventory price $325,000 after buying an extra 27,869 shares within the final quarter. Lastly, Financial institution of Montreal Can purchased a brand new stake in Associate Communications within the second quarter price about $86,000. 2.03% of the inventory is at the moment owned by institutional traders.
About Associate Communications
(Get Score)
Associate Communications Firm Ltd. offers varied telecommunication companies in Israel. It operates in two segments, Mobile and Fastened-Line. The corporate provides mobile telephony companies, together with fundamental mobile telephony, textual content messaging, web looking and information switch, content material, handset restore, roaming, and companies offered to different operators which can be permitted to make use of its mobile community, in addition to Machine to Machine and Web of Issues companies.
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