Singapore Telecommunications (OTCMKTS:SGAPY) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Singapore Telecommunications Ltd. shares have fallen below their 50-day moving average of $32.67, trading as low as $31.14.
• The company recently raised its dividend to $0.7534 per share, resulting in a dividend yield of 430.0%, up from the previous dividend of $0.66.
• Singapore Telecommunications operates various segments, providing a range of telecommunication services in Singapore, Australia, China, and internationally.

Shares of Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $32.67 and traded as low as $31.14. Singapore Telecommunications shares last traded at $32.31, with a volume of 58,594 shares.

Singapore Telecommunications Price Performance

The firm's 50-day moving average is $32.67 and its 200-day moving average is $30.52. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.

Singapore Telecommunications Increases Dividend

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

About Singapore Telecommunications

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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