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

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) 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 Investors Weigh In On Chunghwa Telecom

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Chunghwa Telecom by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider's stock valued at $15,710,000 after buying an additional 16,428 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 valued at $36,332,000 after acquiring an additional 500,475 shares in the last quarter. Creative Planning grew its position in 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. Bank of Montreal Can increased its stake in Chunghwa Telecom by 178.8% during the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider's stock valued at $4,074,000 after purchasing an additional 66,441 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Chunghwa Telecom by 88.0% during the 3rd quarter. Blue Trust Inc. now owns 36,893 shares of the utilities provider's stock valued at $1,424,000 after purchasing an additional 17,270 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.