Koninklijke KPN (OTCMKTS:KKPNY) Stock Passes Above 50 Day Moving Average – Here’s Why

Koninklijke KPN (OTCMKTS:KKPNY) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.81 and traded as high as $4.18. Koninklijke KPN shares last traded at $4.13, with a volume of 234,118 shares trading hands.

Koninklijke KPN Price Performance

The firm’s 50-day moving average price is $3.82 and its 200 day moving average price is $3.85. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46.

Koninklijke KPN Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.1063 per share. The ex-dividend date is Wednesday, April 23rd. This is a positive change from Koninklijke KPN’s previous dividend of $0.06.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail and business consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties.