Partner Communications Company (Nasdaq:PTNR) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up 55 cents (+4.6%).
NEW YORK ( TheStreet) -- Partner Communications Company (Nasdaq: PTNR) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up 55 cents (+4.6%) at $12.60 as of 3:15 p.m. ET. Partner has a market cap of $1.8 billion and is part of the technology sector and telecommunications industry. Shares are down 40.7% year to date as of the close of trading on Thursday. Partner Communications Company Ltd. provides various telecommunications services in Israel. It offers cellular telephony services on GSM/GPRS and UMTS/HSDPA networks. The company has a P/E ratio of 5.1, below the average telecommunications industry P/E ratio of 5.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Partner as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Partner Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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