Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Shares Gap Up – Should You Buy?

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY)’s stock price gapped up before the market opened 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 trading hands.

Magyar Telekom Tavkozlesi Nyrt Price Performance

The business has a fifty day moving average of $26.93 and a 200-day moving average of $27.01. The company has a current ratio of 1.45, a quick ratio of 1.36 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.51 billion, a PE ratio of 9.28 and a beta of 0.33.

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

About Magyar Telekom Tavkozlesi Nyrt

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.