Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down – Here’s What Happened

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) shares gapped down prior to trading on Friday . The stock had previously closed at $33.30, but opened at $31.74. Singapore Telecommunications shares last traded at $32.6650, with a volume of 3,030 shares changing hands.

Singapore Telecommunications Trading Down 0.8%

The stock has a fifty day simple moving average of $33.15 and a 200-day simple moving average of $31.40. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.39.

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.