Koninklijke KPN (OTCMKTS:KKPNY) Sees Large Volume Increase - Time to Buy?

Key Points

• Koninklijke KPN shares experienced a 43% increase in trading volume, reaching 677,424 shares on a recent trading day.
• The company has a debt-to-equity ratio of 1.52 and recently cut its dividend, which had a yield of 358.0%.
• Currently, the stock is trading at $4.69, slightly down from its previous close of $4.72.

Koninklijke KPN NV (OTCMKTS:KKPNY - ) shares saw an uptick in trading volume on Monday . 677,424 shares traded hands during mid-day trading, an increase of 43% from the previous session's volume of 473,033 shares.The stock last traded at $4.69 and had previously closed at $4.72.

Koninklijke KPN Trading Down 1.1%

The company has a debt-to-equity ratio of 1.52, a current ratio of 0.60 and a quick ratio of 0.58. The company has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $4.45.

Koninklijke KPN Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 8th. Investors of record on Thursday, August 7th were paid a dividend of $0.0682 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a dividend yield of 358.0%.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.

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