PCCW (OTCMKTS:PCCWY) Stock Price Up 8.4% - Should You Buy?

Key Points

• PCCW Ltd. shares surged 8.4% to $7.45, although trading volume saw a significant decline of 65% compared to its average.
• The company announced a dividend of $0.1045, resulting in an impressive dividend yield of 676.0%.
• PCCW operates primarily in telecommunications across several regions, providing a variety of services including local telephony and mobile solutions.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report)'s stock price rose 8.4% on Tuesday . The stock traded as high as $7.45 and last traded at $7.45. Approximately 651 shares were traded during trading, a decline of 65% from the average daily volume of 1,848 shares. The stock had previously closed at $6.88.

PCCW Trading Up 2.0%

The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 4.17. The firm's fifty day simple moving average is $7.08 and its two-hundred day simple moving average is $6.57.

PCCW Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.1045 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a 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.