Koninklijke KPN (OTCMKTS:KKPNY) Stock Price Passes Below 50-Day Moving Average - Here's Why

Key Points

• Koninklijke KPN's stock price has fallen below its 50-day moving average of $4.74, trading as low as $4.63 before recovering slightly to $4.64.
• The company recently cut its dividend, paying out $0.0682 per share on August 8, which corresponds to a significant yield of 358.0%.
• Koninklijke KPN, based in the Netherlands, provides a range of telecommunications and IT services to both retail and business consumers.

Koninklijke KPN NV (OTCMKTS:KKPNY - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.74 and traded as low as $4.63. Koninklijke KPN shares last traded at $4.64, with a volume of 117,664 shares.

Koninklijke KPN Trading Down 0.6%

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's 50-day simple moving average is $4.73 and its 200-day simple moving average is $4.45.

Koninklijke KPN Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, August 7th were given a $0.0682 dividend. The ex-dividend date was Wednesday, August 6th. This represents a 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.