PCCW (OTCMKTS:PCWLF) Shares Down 5.9% - Time to Sell?

Key Points

• PCCW Ltd. shares fell 5.9% during trading, closing at $0.66 after a previous close of $0.70, with trading volume increasing by 43% compared to the average session.
• The company recently cut its dividend, paying $0.0977 per share, representing a significant dividend yield of 710.0%.
• PCCW offers a variety of telecommunications services in Hong Kong, Mainland China, Singapore, and internationally, including mobile, broadband, and enterprise solutions.

PCCW Ltd. (OTCMKTS:PCWLF - ) fell 5.9% during trading on Tuesday . The stock traded as low as $0.66 and last traded at $0.66. 3,450 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 2,415 shares. The stock had previously closed at $0.70.

PCCW Stock Performance

The company's 50-day moving average price is $0.68 and its 200-day moving average price is $0.66.

PCCW Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.0977 per share. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 710.0%.

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.

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