Internet Gold Golden Lines (IGLD) Stock Price Down 5.4%

Internet Gold Golden Lines Ltd (NASDAQ:IGLD) shares fell 5.4% during trading on Monday . The stock traded as low as $0.33 and last traded at $0.37. 1,714,126 shares changed hands during mid-day trading, an increase of 452% from the average session volume of 310,396 shares. The stock had previously closed at $0.39.

The company has a debt-to-equity ratio of 204.71, a quick ratio of 0.66 and a current ratio of 0.68.

Internet Gold Golden Lines (NASDAQ:IGLD) last issued its earnings results on Thursday, March 28th. The technology company reported ($6.30) EPS for the quarter. Internet Gold Golden Lines had a negative return on equity of 40.16% and a negative net margin of 7.99%. The company had revenue of $558.00 million during the quarter.

An institutional investor recently raised its position in Internet Gold Golden Lines stock. Morgan Stanley boosted its stake in Internet Gold Golden Lines Ltd (NASDAQ:IGLD) by 337.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,858 shares of the technology company’s stock after purchasing an additional 147,958 shares during the quarter. Morgan Stanley owned approximately 1.00% of Internet Gold Golden Lines worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

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Internet Gold Golden Lines Company Profile (NASDAQ:IGLD)

Internet Gold – Golden Lines Ltd. provides various telecommunications services in Israel. The company offers domestic fixed-line, cellular, and international communication services; Internet services; and multi-channel television, television and radio broadcasting, satellite broadcasting, and customer call center services.

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