Koninklijke KPN (OTCMKTS:KKPNY) Sees Unusually-High Trading Volume – Here’s Why

Koninklijke KPN NV (OTCMKTS:KKPNY) shares saw strong trading volume on Thursday . 2,520,035 shares changed hands during mid-day trading, an increase of 299% from the previous session’s volume of 631,235 shares.The stock last traded at $5.47 and had previously closed at $5.58.

Koninklijke KPN Price Performance

The stock has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $4.76. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.82.

Koninklijke KPN Company Profile

Koninklijke KPN N.V. (KPN) is a Dutch telecommunications and information-communications-technology (ICT) company that provides a broad range of connectivity and digital services. Its core activities include fixed-line and mobile telephony, broadband internet, and television services for residential customers, alongside managed network, cloud, security and unified communications solutions for business and public-sector clients. KPN operates and maintains network infrastructure such as fiber and mobile networks, data centers, and platforms for Internet of Things (IoT) and cybersecurity services.

The company’s primary market is the Netherlands, where it serves households, small and medium-sized enterprises, large corporates and government organizations.