PCCW (OTCMKTS:PCCWY) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• PCCW Ltd. shares crossed above the 50-day moving average of $7.01, trading as high as $7.50, with a recent increase of 7.1%.
• The company recently declared a dividend of $0.3466, significantly up from the previous dividend of $0.11, resulting in a remarkable yield of 1,162.0%.
• PCCW maintains a debt-to-equity ratio of 4.17, indicating high leverage, along with a quick ratio of 0.51 and a current ratio of 0.59.

Shares of PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.01 and traded as high as $7.50. PCCW shares last traded at $7.50, with a volume of 588 shares trading hands.

PCCW Trading Down 11.6%

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 stock's 50-day simple moving average is $7.05 and its two-hundred day simple moving average is $6.53.

PCCW Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.3466 per share. This is an increase from PCCW's previous dividend of $0.11. This represents a dividend yield of 1,162.0%. The ex-dividend date of this dividend was Tuesday, May 20th.

PCCW Company Profile

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.