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PCCW (OTCMKTS:PCCWY) Shares Gap Down - Here's What Happened

PCCW logo with Computer and Technology background

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.61, but opened at $7.17. PCCW shares last traded at $7.17, with a volume of 765 shares changing hands.

PCCW Trading Down 6.4%

The stock has a fifty day moving average price of $6.77 and a 200-day moving average price of $6.25. 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 Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, May 21st were issued a $0.3466 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This is an increase from PCCW's previous dividend of $0.11. This represents a dividend yield of 11.62%.

PCCW Company Profile

(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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