Koninklijke KPN (OTCMKTS:KKPNY) Sees Strong Trading Volume - Here's Why

Key Points

• Koninklijke KPN experienced a significant surge in trading volume, with approximately 4.54 million shares traded, marking an increase of 868% compared to the previous session.
• The stock recently closed at $4.72 and the company has a current ratio of 0.60 and debt-to-equity ratio of 1.52.
• Koninklijke KPN declared a dividend of $0.0682, representing a remarkable yield of 358.0%.

Koninklijke KPN NV (OTCMKTS:KKPNY - ) saw unusually-strong trading volume on Friday . Approximately 4,541,645 shares traded hands during mid-day trading, an increase of 868% from the previous session's volume of 468,947 shares.The stock last traded at $4.72 and had previously closed at $4.75.

Koninklijke KPN Stock Performance

The company has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $4.62. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.60 and a quick ratio of 0.58.

Koninklijke KPN Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, August 8th. Stockholders of record on Thursday, August 7th were issued a $0.0682 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a dividend yield of 358.0%.

About Koninklijke KPN

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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