PCCW (OTCMKTS:PCCWY) Sees Large Volume Increase - Still a Buy?

Key Points

• PCCW Ltd. experienced a significant trading volume increase of 3,323%, with approximately 59,488 shares traded, as the stock price dipped to $6.72.
• The company has a high debt-to-equity ratio of 4.17 and a current ratio of 0.59, indicating potential financial instability.
• PCCW recently declared a dividend yield of 676.0%, with a payment made to shareholders of record on August 19th.

PCCW Ltd. (OTCMKTS:PCCWY - ) shares saw unusually-high trading volume on Wednesday . Approximately 59,488 shares traded hands during mid-day trading, an increase of 3,323% from the previous session's volume of 1,738 shares.The stock last traded at $6.72 and had previously closed at $6.80.

PCCW Price Performance

The company's fifty day moving average is $7.06 and its two-hundred day moving average is $6.72. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.59 and a quick ratio of 0.51.

PCCW Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 19th were paid a $0.1045 dividend. The ex-dividend date was Monday, August 18th. This represents a yield of 676.0%.

PCCW Company Profile

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.

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