Partner Communications (NASDAQ:PTNR) Hits New 12-Month Low at $3.47

Partner Communications Company Ltd (NASDAQ:PTNR) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.47 and last traded at $3.47, with a volume of 10 shares changing hands. The stock had previously closed at $3.95.

Several analysts have recently issued reports on the stock. Barclays upgraded shares of Partner Communications from an “underweight” rating to an “equal weight” rating in a research report on Thursday, June 6th. ValuEngine lowered shares of Partner Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th.

The firm’s 50-day moving average price is $4.27. The company has a market cap of $653.33 million, a price-to-earnings ratio of 50.06 and a beta of 1.19. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.09.

Partner Communications (NASDAQ:PTNR) last announced its earnings results on Thursday, May 30th. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter. Partner Communications had a net margin of 1.59% and a return on equity of 3.64%. The business had revenue of $219.00 million for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its position in Partner Communications by 32.1% during the fourth quarter. Jane Street Group LLC now owns 62,130 shares of the Wireless communications provider’s stock worth $293,000 after acquiring an additional 15,093 shares during the last quarter. ARK Investment Management LLC acquired a new position in Partner Communications during the second quarter worth about $472,000. Finally, GHP Investment Advisors Inc. boosted its position in Partner Communications by 33.0% during the first quarter. GHP Investment Advisors Inc. now owns 65,270 shares of the Wireless communications provider’s stock worth $244,000 after acquiring an additional 16,200 shares during the last quarter. Hedge funds and other institutional investors own 2.45% of the company’s stock.

Partner Communications Company Profile (NASDAQ:PTNR)

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, Internet browsing and data transfer, content, and roaming services, as well as services provided to other operators that are permitted to use its cellular network.

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