Chunghwa Telecom (NYSE:CHT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price 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 trading hands.

Chunghwa Telecom Price Performance

The company has a market cap of $29.46 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 18.43 and a beta of 0.19. The business has a 50 day moving average of $38.02 and a 200 day moving average of $38.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29.

Hedge Funds Weigh In On Chunghwa Telecom

A number of institutional investors have recently bought and sold shares of CHT. Crossmark Global Holdings Inc. grew its holdings in shares of Chunghwa Telecom by 3.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 90,231 shares of the utilities provider’s stock worth $3,484,000 after acquiring an additional 3,064 shares during the period. Signaturefd LLC raised its holdings in Chunghwa Telecom by 8.0% in the second quarter. Signaturefd LLC now owns 34,034 shares of the utilities provider’s stock worth $1,314,000 after purchasing an additional 2,535 shares in the last quarter. Foster Group Inc. raised its holdings in Chunghwa Telecom by 4.6% in the second quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 299 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in shares of Chunghwa Telecom by 86.6% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider’s stock valued at $250,000 after buying an additional 3,003 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Chunghwa Telecom by 26.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,222 shares of the utilities provider’s stock valued at $395,000 after buying an additional 2,113 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

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.