Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Sees Strong Trading Volume – Here’s What Happened

Shares of Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) saw unusually-high trading volume on Monday . Approximately 2,412 shares changed hands during trading, an increase of 107% from the previous session’s volume of 1,168 shares.The stock last traded at $27.36 and had previously closed at $27.36.

Magyar Telekom Tavkozlesi Nyrt Trading Down 0.2%

The business’s 50 day simple moving average is $26.79 and its 200-day simple moving average is $26.92. The stock has a market capitalization of $5.26 billion, a P/E ratio of 8.86 and a beta of 0.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.45 and a quick ratio of 1.36.

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) last posted its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.92 earnings per share for the quarter. The company had revenue of $717.65 million for the quarter. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 22.59% and a net margin of 20.65%.

About Magyar Telekom Tavkozlesi Nyrt

Magyar Telekom Távközlési Nyrt. is Hungary’s leading integrated telecommunications service provider and a member of the Deutsche Telekom Group. The company offers a full suite of fixed-line and mobile voice communication services alongside broadband internet access and digital television solutions. Through its extensive network infrastructure, Magyar Telekom delivers reliable connectivity to both residential and corporate customers across Hungary.

In the mobile segment, Magyar Telekom provides services under the T-Mobile brand, covering voice, data and messaging services supported by 4G LTE and an expanding 5G network.