Internet Gold Golden Lines (NASDAQ:IGLD) Stock Price Down 6.3%

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Internet Gold Golden Lines Ltd (NASDAQ:IGLD) shares traded down 6.3% on Wednesday . The company traded as low as $0.29 and last traded at $0.30, 564,500 shares changed hands during mid-day trading. An increase of 8% from the average session volume of 521,078 shares. The stock had previously closed at $0.32.

The company has a debt-to-equity ratio of 20.72, a quick ratio of 0.71 and a current ratio of 0.73. The stock’s 50 day moving average is $0.33.

Internet Gold Golden Lines (NASDAQ:IGLD) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $0.15 earnings per share for the quarter. Internet Gold Golden Lines had a negative net margin of 8.07% and a negative return on equity of 56.13%. The firm had revenue of $622.00 million for the quarter.

An institutional investor recently raised its position in Internet Gold Golden Lines stock. Morgan Stanley raised its stake in Internet Gold Golden Lines Ltd (NASDAQ:IGLD) by 74.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 335,264 shares of the technology company’s stock after buying an additional 143,406 shares during the quarter. Morgan Stanley owned about 1.75% of Internet Gold Golden Lines worth $101,000 at the end of the most recent reporting period.

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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