Singapore Telecommunications (OTCMKTS:SGAPY) Share Price Passes Below 50-Day Moving Average - Here's Why

Key Points

• Singapore Telecommunications Ltd. saw its share price drop below the 50-day moving average of $32.58, closing at $31.88, with a decline of 2.6% during trading.
• The company recently declared a dividend of $0.7534, up from the previous $0.66, representing a significant dividend yield of 430.0%.
• Singapore Telecommunications maintains a debt-to-equity ratio of 0.39, alongside a quick ratio of 0.94 and a current ratio of 0.98, indicating a relatively stable financial position.

Shares of Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $32.58 and traded as low as $31.77. Singapore Telecommunications shares last traded at $31.88, with a volume of 373,433 shares traded.

Singapore Telecommunications Stock Down 2.6%

The business has a 50 day moving average price of $32.58 and a 200-day moving average price of $30.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.98.

Singapore Telecommunications Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 4th were issued a $0.7534 dividend. The ex-dividend date was Friday, August 1st. This represents a dividend yield of 430.0%. This is an increase from Singapore Telecommunications's previous dividend of $0.66.

Singapore Telecommunications Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.