Chunghwa Telecom (NYSE:CHT) Shares Pass Above Fifty Day Moving Average of $36.08

Chunghwa Telecom Co., Ltd (NYSE:CHT) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $36.08 and traded as high as $36.79. Chunghwa Telecom shares last traded at $36.76, with a volume of 37,998 shares.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.43 and a current ratio of 1.66. The stock has a 50 day simple moving average of $36.12. The firm has a market cap of $28.52 billion, a PE ratio of 24.81 and a beta of 0.14.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Monday, April 29th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $1.66 billion during the quarter. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC boosted its stake in Chunghwa Telecom by 10.0% in the first quarter. Parametric Portfolio Associates LLC now owns 756,329 shares of the utilities provider’s stock valued at $26,887,000 after buying an additional 68,821 shares in the last quarter. Wetherby Asset Management Inc. raised its position in Chunghwa Telecom by 4.3% in the first quarter. Wetherby Asset Management Inc. now owns 43,697 shares of the utilities provider’s stock valued at $1,553,000 after purchasing an additional 1,816 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Chunghwa Telecom by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 57,097 shares of the utilities provider’s stock valued at $2,030,000 after purchasing an additional 958 shares during the last quarter. Parallel Advisors LLC raised its position in Chunghwa Telecom by 11.9% in the first quarter. Parallel Advisors LLC now owns 12,037 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Chunghwa Telecom by 60.3% in the first quarter. Quadrant Capital Group LLC now owns 18,389 shares of the utilities provider’s stock valued at $651,000 after purchasing an additional 6,919 shares during the last quarter. 2.35% of the stock is owned by institutional investors.

About Chunghwa Telecom (NYSE:CHT)

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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