Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down – Here’s Why

Cellcom Israel, Ltd. (OTCMKTS:CELJF) shares gapped down prior to trading on Thursday . The stock had previously closed at $11.33, but opened at $10.12. Cellcom Israel shares last traded at $11.20, with a volume of 1,200 shares trading hands.

Cellcom Israel Price Performance

The firm’s 50 day simple moving average is $10.51 and its 200-day simple moving average is $10.99. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 26.86 and a beta of 0.89.

Institutional Investors Weigh In On Cellcom Israel

A hedge fund recently bought a new position in Cellcom Israel stock. AWM Investment Company Inc. acquired a new stake in Cellcom Israel, Ltd. (OTCMKTS:CELJF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 624,700 shares of the company’s stock, valued at approximately $5,529,000. AWM Investment Company Inc. owned 0.38% of Cellcom Israel at the end of the most recent quarter.

Cellcom Israel Company Profile

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.