Koninklijke KPN (OTCMKTS:KKPNY) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Koninklijke KPN's share price fell below its 50-day moving average of $4.73, trading as low as $4.64 before closing at $4.70.
• The company recently cut its dividend, with a payment made on August 8th and a yield reported at an unusual 358.0%.
• Koninklijke KPN has financial ratios indicating potential liquidity concerns, including a current ratio of 0.60 and a debt-to-equity ratio of 1.52.

Koninklijke KPN NV (OTCMKTS:KKPNY - )'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.73 and traded as low as $4.64. Koninklijke KPN shares last traded at $4.70, with a volume of 144,164 shares traded.

Koninklijke KPN Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 1.52. The business has a 50-day simple moving average of $4.73 and a 200-day simple moving average of $4.46.

Koninklijke KPN Cuts Dividend

The company also recently announced 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 dividend yield of 358.0%. The ex-dividend date 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.

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