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PCCW (OTCMKTS:PCCWY) Trading Up 9.1% - Here's What Happened

PCCW logo with Computer and Technology background

Key Points

  • Shares of PCCW Ltd. rose by 9.1%, trading at $7.35, though the trading volume decreased by 31% compared to its average.
  • The company has a high debt-to-equity ratio of 4.17 and reported a current ratio of 0.59, indicating potential financial challenges.
  • PCCW announced a dividend of $0.1045 with a significant yield of 676.0%, set to be paid to investors on September 12th.
  • Want stock alerts on PCCW? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) were up 9.1% during mid-day trading on Monday . The stock traded as high as $7.35 and last traded at $7.35. Approximately 1,272 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 1,840 shares. The stock had previously closed at $6.74.

PCCW Stock Performance

The company has a debt-to-equity ratio of 4.17, a current ratio of 0.59 and a quick ratio of 0.51. The company's fifty day moving average is $7.08 and its 200-day moving average is $6.57.

PCCW Cuts Dividend

The business 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. The ex-dividend date is Monday, August 18th. This represents a yield of 676.0%.

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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