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

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.

Shares of PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) gapped down before the market opened 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 changing hands.

PCCW Stock Performance

The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.51 and a current ratio of 0.59. The business's 50-day simple moving average is $7.12 and its two-hundred day simple moving average is $6.69.

PCCW Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.1045 per share. The ex-dividend date was 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.