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

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) saw unusually-high trading volume on Monday . Approximately 2,412 shares changed hands during mid-day 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 Stock Performance

The firm’s 50-day moving average is $26.80 and its 200 day moving average is $26.95. The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 0.14.

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

Magyar Telekom Tavkozlesi Nyrt Company Profile

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.