Hellenic Telecom Organization (OTCMKTS:HLTOY) Shares Gap Down - Time to Sell?

Key Points

• Hellenic Telecom Organization's shares gapped down from a closure of $9.29 to an opening of $8.96 before trading at $9.56.
• The company reported $0.18 earnings per share for the last quarter, meeting consensus estimates while surpassing revenue expectations at $1.06 billion.
• Hellenic Telecom Organization operates primarily in Greece and Romania, offering services such as fixed-line, Internet access, and TV production.

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $9.29, but opened at $8.96. Hellenic Telecom Organization shares last traded at $9.56, with a volume of 745 shares trading hands.

Hellenic Telecom Organization Trading Up 2.9%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 0.78. The stock's 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $9.31.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $908.46 million. Hellenic Telecom Organization had a net margin of 12.39% and a return on equity of 26.09%.

About Hellenic Telecom Organization

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.