Koninklijke KPN (OTCMKTS:KKPNY) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Koninklijke KPN shares fell below their 50-day moving average of $4.79, trading at $4.66 with a volume of 731,812 shares.
• Kepler Capital Markets has upgraded Koninklijke KPN to a "hold" rating, indicating a potential stabilization in the stock's performance.
• The company's financial metrics include a quick ratio of 0.58 and a debt-to-equity ratio of 1.52, suggesting some financial pressure relative to its equity.

Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.79 and traded as low as $4.66. Koninklijke KPN shares last traded at $4.66, with a volume of 731,812 shares changing hands.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of Koninklijke KPN to a "hold" rating in a report on Wednesday, April 9th.

Koninklijke KPN Stock Down 1.1%

The stock's fifty day moving average price is $4.79 and its two-hundred day moving average price is $4.32. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 1.52.

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.