PLDT (NYSE:PHI) Reaches New 1-Year Low – What’s Next?

PLDT Inc. (NYSE:PHI) shares reached a new 52-week low on Thursday . The company traded as low as $21.52 and last traded at $21.55, with a volume of 142584 shares trading hands. The stock had previously closed at $22.04.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Thursday.

PLDT Stock Up 3.4 %

The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The stock’s fifty day moving average is $25.59 and its two-hundred day moving average is $25.54.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.68 earnings per share for the quarter. The company had revenue of $933.44 million during the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Equities analysts forecast that PLDT Inc. will post 2.76 earnings per share for the current year.

Institutional Investors Weigh In On PLDT

A number of institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP increased its stake in shares of PLDT by 37.2% in the third quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company’s stock valued at $363,000 after purchasing an additional 3,659 shares during the period. Ascent Group LLC acquired a new stake in PLDT in the 3rd quarter valued at approximately $218,000. BNP Paribas Financial Markets bought a new stake in PLDT during the 3rd quarter valued at $79,000. Robeco Institutional Asset Management B.V. boosted its position in PLDT by 12.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,946 shares of the technology company’s stock worth $375,000 after acquiring an additional 1,565 shares during the period. Finally, First Trust Direct Indexing L.P. grew its stake in shares of PLDT by 15.1% in the third quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock worth $284,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors own 2.26% of the company’s stock.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.