Koninklijke KPN (OTCMKTS:KKPNY) Sees Large Volume Increase – Time to Buy?

Shares of Koninklijke KPN NV (OTCMKTS:KKPNY) saw an uptick in trading volume on Friday . Approximately 2,038,320 shares traded hands during trading, an increase of 225% from the previous session’s volume of 626,769 shares.The stock last traded at $5.4150 and had previously closed at $5.60.

Koninklijke KPN Price Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.70 and a current ratio of 0.72. The firm’s 50 day moving average is $4.78 and its 200 day moving average is $4.70.

About Koninklijke KPN

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.