Partner Communications Company Ltd. (PTNR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of PTNR have risen 5.85% to $4.88 after closing the day prior at $4.61. In the first two and a half hours of trading, the stock has gone as high as $4.92 and as low as $4.83. Today’s rise has come with about 844 shares changing hands, compared to an average 30-day volume of 3,773 for Partner Communications Company Ltd.. The price is currently below the 30-day volume weighted average price of $4.89 for PTNR.
The share appreciation gives the company a market capitalization of $719.61 million based upon 156.1 million shares outstanding. It also means that PTNR has a price-to-book ratio of 2.51:1.
In the past 52 weeks, shares of PTNR have traded as low as $3.63 and as high as $5.5. Technical traders will take note that at $4.88, shares of PTNR are trading above their 200-day MA at $4.7 and above their 50-day MA at $4.78. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is PTNR?
Partner Communications Co Ltd is a telecommunications company. The Company provides cellular and fixed-line telecommunication services, including airtime, interconnect, roaming and ISP services that provide access to the Internet. The company’s 2740 employees are led by CEO Isaac Benbenisti from the corporate headquarters at 8 Amal Street in Rosh Ha'ayin, .
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