Chunghwa Telecom (NYSE:CHT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Chunghwa Telecom Stock Down 0.1 %

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

Institutional Trading of Chunghwa Telecom

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its position in Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 265 shares during the period. BSW Wealth Partners acquired a new position in shares of Chunghwa Telecom during the third quarter valued at about $208,000. Waldron Private Wealth LLC bought a new stake in shares of Chunghwa Telecom during the third quarter worth about $217,000. Mizuho Securities Co. Ltd. raised its holdings in shares of Chunghwa Telecom by 86.6% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 3,003 shares during the last quarter. Finally, D Orazio & Associates Inc. lifted its position in Chunghwa Telecom by 26.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 6,954 shares of the utilities provider’s stock valued at $268,000 after acquiring an additional 1,457 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

About Chunghwa Telecom

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.