Koninklijke KPN (OTCMKTS:KKPNY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Koninklijke KPN shares saw a significant increase in trading volume, with over 1 million shares traded, marking a 115% rise from the previous session.
• The stock recently closed at $4.66, and the company has cut its dividend, issuing a dividend yield of 358.0%.
• Koninklijke KPN operates in the telecommunications sector in the Netherlands, providing a range of services including fixed and mobile telephony, broadband internet, and television.

Shares of Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,009,233 shares were traded during mid-day trading, an increase of 115% from the previous session's volume of 468,694 shares.The stock last traded at $4.66 and had previously closed at $4.59.

Koninklijke KPN Stock Up 1.7%

The stock's 50 day moving average is $4.74 and its 200-day moving average is $4.42. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 1.52.

Koninklijke KPN Cuts Dividend

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

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.