PCCW (OTCMKTS:PCCWY) Shares Down 11.6% - Should You Sell?

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.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report)'s stock price was down 11.6% during mid-day trading on Friday . The stock traded as low as $6.61 and last traded at $6.61. Approximately 979 shares were traded during trading, a decline of 48% from the average daily volume of 1,865 shares. The stock had previously closed at $7.48.

PCCW Stock Down 11.3%

The company has a fifty day moving average of $7.07 and a 200-day moving average of $6.56. The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 4.17.

PCCW Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 19th will be paid a $0.1045 dividend. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 676.0%.

About PCCW

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.