PLDT (NYSE:PHI) Sets New 52-Week Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded PLDT from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

PLDT Stock Performance

The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21. The firm has a 50-day moving average of $25.67 and a two-hundred day moving average of $25.56. The company has a market capitalization of $4.66 billion, a PE ratio of 7.46, a PEG ratio of 1.14 and a beta of 0.69.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.17%. The business had revenue of $933.44 million during the quarter. Research analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

Hedge Funds Weigh In On PLDT

A number of hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its position in PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after buying an additional 29,225 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of PLDT in the 3rd quarter worth approximately $28,000. SageView Advisory Group LLC purchased a new position in shares of PLDT during the 1st quarter worth approximately $62,000. Sequoia Financial Advisors LLC increased its holdings in PLDT by 19.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after purchasing an additional 1,719 shares during the last quarter. Finally, Blue Trust Inc. raised its position in PLDT by 194.8% in the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after purchasing an additional 9,174 shares during the period. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

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.