Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Shares Gap Up – Here’s What Happened

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $27.7350, but opened at $28.72. Magyar Telekom Tavkozlesi Nyrt shares last traded at $28.50, with a volume of 2,030 shares changing hands.

Magyar Telekom Tavkozlesi Nyrt Trading Up 1.5%

The business has a fifty day moving average price of $26.97 and a 200 day moving average price of $27.03. The company has a current ratio of 1.45, a quick ratio of 1.36 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 firm 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.