Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s Why

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) shares saw strong trading volume on Friday . 7,550 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 3,706 shares.The stock last traded at $9.45 and had previously closed at $9.38.

Hellenic Telecom Organization Stock Up 0.8%

The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. The business has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $8.95.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $908.46 million. Hellenic Telecom Organization had a return on equity of 25.84% and a net margin of 12.39%.

Hellenic Telecom Organization Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 4th were paid a dividend of $0.3455 per share. This represents a dividend yield of 358.0%. This is an increase from Hellenic Telecom Organization’s previous dividend of $0.33. The ex-dividend date was Thursday, July 3rd.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.