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Singapore Telecommunications (OTCMKTS:SGAPY) Sees Large Volume Increase - Still a Buy?

Singapore Telecommunications logo with Utilities background

Shares of Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) saw an uptick in trading volume on Wednesday . 211,964 shares were traded during mid-day trading, an increase of 126% from the previous session's volume of 93,617 shares.The stock last traded at $29.55 and had previously closed at $30.10.

Singapore Telecommunications Price Performance

The business's fifty day moving average is $29.82 and its 200-day moving average is $26.34. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.39.

Singapore Telecommunications Company Profile

(Get Free Report)

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally. The company operates through Optus, Singtel Singapore, NCS, Digital InfraCo, and Corporate segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; mobile, fixed voice and data, pay television, content and digital services, ICT as well as equipment sales in Singapore; and provides differentiated and end-to-end technology services to clients through its Gov+, Enterprise, and Telco+ strategic business groups with its NEXT capabilities in digital, data, cloud and platforms, as well as offers applications, infrastructure, engineering and cyber.

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