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PCCW (OTCMKTS:PCCWY) Shares Down 11.6% - Time to Sell?

PCCW logo with Computer and Technology background

Key Points

  • PCCW Ltd.'s shares fell by 11.6%, closing at $6.61 and reflecting a significant drop in trading volume.
  • The company recently increased its dividend to $0.3466 per share, marking a substantial yield of 1,162.0% compared to its previous dividend of $0.11.
  • PCCW operates across various telecommunications services including local telephony, data, and broadband in Hong Kong and other regions.
  • 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)'s share price traded down 11.6% during trading on Friday . The company traded as low as $6.61 and last traded at $6.61. 979 shares were traded during trading, a decline of 48% from the average session volume of 1,865 shares. The stock had previously closed at $7.48.

PCCW Price Performance

The company has a fifty day simple moving average of $7.05 and a 200-day simple moving average of $6.53. 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 business also recently announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.3466 per share. This represents a yield of 1,162.0%. This is a boost from PCCW's previous dividend of $0.11. The ex-dividend date of this dividend was Tuesday, May 20th.

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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