Koninklijke KPN (OTCMKTS:KKPNY) Stock Price Passes Below 50 Day Moving Average - Should You Sell?

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) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 traded.

Koninklijke KPN Stock Performance

The business's 50-day moving average price is $4.73 and its 200 day moving average price is $4.45. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.58 and a current ratio of 0.60.

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 issued a $0.0682 dividend. The ex-dividend date of this dividend 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.