Partner Communications (PTNR) Hits New 1-Year High and Low at $3.64

Shares of Partner Communications (NASDAQ:PTNR) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $3.64 and last traded at $3.69, with a volume of 300 shares trading hands. The stock had previously closed at $3.68.

Separately, TheStreet cut Partner Communications from a “b-” rating to a “c+” rating in a report on Monday, April 30th.

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.13 and a quick ratio of 1.06. The firm has a market cap of $659.51 million, a PE ratio of 43.56 and a beta of 1.76.

Partner Communications (NASDAQ:PTNR) last issued its earnings results on Thursday, March 29th. The Wireless communications provider reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $241.00 million during the quarter. Partner Communications had a net margin of 1.49% and a return on equity of 3.40%.

Large investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in Partner Communications by 90.6% in the 4th quarter. Jane Street Group LLC now owns 92,040 shares of the Wireless communications provider’s stock valued at $566,000 after buying an additional 43,750 shares in the last quarter. Meitav Dash Investments Ltd. purchased a new stake in Partner Communications in the 4th quarter valued at $1,033,000. Finally, Delek Group Ltd. purchased a new stake in Partner Communications in the 4th quarter valued at $3,586,000. Institutional investors own 2.34% of the company’s stock.

About Partner Communications

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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