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PCCW (OTCMKTS:PCCWY) Sees Large Volume Increase - Should You Buy?

PCCW logo with Computer and Technology background

Key Points

  • PCCW Ltd. experienced a significant trading volume increase of 333% with approximately 8,183 shares traded, down from a previous closing price of $7.50 to $7.26.
  • The company announced a dividend increase to $0.3466 per share, offering a remarkable 1,162.0% dividend yield.
  • PCCW's current ratios indicate some liquidity concerns, with a quick ratio of 0.51 and a debt-to-equity ratio of 4.17.
  • Looking to Export and Analyze PCCW Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 8,183 shares traded hands during mid-day trading, an increase of 333% from the previous session's volume of 1,888 shares.The stock last traded at $7.26 and had previously closed at $7.50.

PCCW Trading Down 3.3%

The stock's fifty day moving average price is $6.99 and its 200 day moving average price is $6.47. The company has a quick ratio of 0.51, a current ratio of 0.59 and a debt-to-equity ratio of 4.17.

PCCW Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, May 21st were given a $0.3466 dividend. This represents a dividend yield of 1,162.0%. The ex-dividend date of this dividend was Tuesday, May 20th. This is an increase from PCCW's previous dividend of $0.11.

About PCCW

(Get Free Report)

PCCW Limited provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. The company's services include local telephony, local data and broadband, mobile, enterprise solutions, international telecommunications, and satellite-based and network-based telecommunications services; outsourcing, consulting, and contact center services; and technical consulting and engineering services.

See Also

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