Singapore Telecommunications (OTCMKTS:SGAPY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.95 and traded as low as $32.55. Singapore Telecommunications shares last traded at $32.70, with a volume of 22,991 shares changing hands.

Singapore Telecommunications Trading Up 0.8%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.94. The stock has a 50 day moving average price of $32.95 and a 200-day moving average price of $30.96.

Singapore Telecommunications Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 4th were given a dividend of $0.7534 per share. The ex-dividend date was Friday, August 1st. This is a positive change from Singapore Telecommunications’s previous dividend of $0.66. This represents a yield of 430.0%.

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.