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

PCCW logo with Computer and Technology background

Key Points

  • PCCW Ltd. shares gapped down prior to trading, opening at $6.80 after a previous close of $7.00, with a trading volume of only 377 shares.
  • The company recently announced a dividend of $0.1045, yielding an extraordinary 676.0%, set to be paid out on September 12th.
  • PCCW's financial ratios indicate a high debt-to-equity ratio of 4.17, suggesting potential financial instability amid recent trading activity.
  • Five stocks to consider instead of PCCW.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.00, but opened at $6.80. PCCW shares last traded at $6.80, with a volume of 377 shares traded.

PCCW Trading Down 2.9%

The company has a quick ratio of 0.51, a current ratio of 0.59 and a debt-to-equity ratio of 4.17. The firm's fifty day moving average is $7.13 and its 200 day moving average is $6.65.

PCCW Cuts Dividend

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

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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