Chunghwa Telecom (NYSE:CHT) Stock Passes Above 200 Day Moving Average – What’s Next?

Chunghwa Telecom Co., Ltd. (NYSE:CHT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.15 and traded as high as $38.24. Chunghwa Telecom shares last traded at $37.98, with a volume of 81,995 shares trading hands.

Chunghwa Telecom Trading Down 0.1 %

The firm has a 50 day moving average price of $38.01 and a two-hundred day moving average price of $38.14. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $29.45 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 18.43 and a beta of 0.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Chunghwa Telecom by 120.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock worth $36,332,000 after buying an additional 500,475 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Chunghwa Telecom in the 3rd quarter worth about $4,095,000. Bank of Montreal Can raised its position in shares of Chunghwa Telecom by 178.8% in the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock worth $4,074,000 after acquiring an additional 66,441 shares in the last quarter. Creative Planning lifted its stake in shares of Chunghwa Telecom by 32.7% in the 2nd quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 30,410 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Chunghwa Telecom by 31.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,453 shares of the utilities provider’s stock valued at $3,338,000 after purchasing an additional 20,846 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.