PLDT (OTCMKTS:PHTCF) Stock Price Down 11.5% – Here’s Why

PLDT Inc. (OTCMKTS:PHTCF)’s stock price dropped 11.5% on Friday . The stock traded as low as $18.15 and last traded at $18.15. Approximately 600 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 300 shares. The stock had previously closed at $20.52.

PLDT Stock Down 11.5%

The firm’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $20.50.

PLDT Company Profile

PLDT Inc is the Philippines’ leading telecommunications and digital services provider, offering a comprehensive range of fixed-line, broadband, wireless and enterprise solutions. Through its principal subsidiaries, including Smart Communications and ePLDT, the company caters to both consumer and business markets with voice, data, video and managed ICT services. PLDT’s network infrastructure spans fiber-to-the-home, mobile LTE and 5G, satellite backhaul and submarine cable systems, supporting millions of subscribers across the archipelago.

Founded in 1928 and headquartered in Makati City, PLDT has played a central role in the development of the Philippines’ communications landscape for nearly a century.