Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down - Here's Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.07, but opened at $8.78. Hellenic Telecom Organization shares last traded at $8.78, with a volume of 973 shares traded.

Hellenic Telecom Organization Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $9.57 and a 200 day simple moving average of $8.67.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last issued its earnings results on Thursday, June 19th. The utilities provider reported $0.20 EPS for the quarter. Hellenic Telecom Organization had a return on equity of 26.59% and a net margin of 13.70%. The company had revenue of $924.46 million during the quarter.

Hellenic Telecom Organization Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 4th will be paid a $0.3455 dividend. This is an increase from Hellenic Telecom Organization's previous dividend of $0.33. This represents a yield of 3.58%. The ex-dividend date of this dividend is Thursday, July 3rd.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.