Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Sees Large Volume Increase – Time to Buy?

Shares of Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) saw an uptick in trading volume on Monday . 2,950 shares were traded during trading, an increase of 72% from the previous session’s volume of 1,711 shares.The stock last traded at $25.79 and had previously closed at $27.69.

Magyar Telekom Tavkozlesi Nyrt Stock Performance

The company has a 50 day simple moving average of $27.16 and a 200-day simple moving average of $26.38. The stock has a market capitalization of $5.11 billion, a P/E ratio of 9.35 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.23 and a quick ratio of 1.13.

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter. Magyar Telekom Tavkozlesi Nyrt had a net margin of 19.42% and a return on equity of 22.00%. The business had revenue of $717.65 million for the quarter.

Magyar Telekom Tavkozlesi Nyrt Company Profile

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság provides fixed-line and mobile telecommunication services for residential and business customers in Hungary, Bulgaria, Romania, and the Republic of North Macedonia. It operates through MT-Hungary and North Macedonia segments. The company offers TV distribution, information communication, and system integration services; mobile telecommunication services, such as prepaid and postpaid plans, TV, broadband, and phone services; and sells telecommunications network and equipment.