Spark New Zealand (OTCMKTS:SPKKY) Reaches New 52-Week Low – Time to Sell?

Spark New Zealand Limited (OTCMKTS:SPKKY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $8.89 and last traded at $9.00, with a volume of 237170 shares changing hands. The stock had previously closed at $9.11.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Spark New Zealand to a “hold” rating in a research note on Wednesday, July 31st.

Spark New Zealand Stock Performance

The firm has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $12.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 1.01.

Spark New Zealand Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.0654 per share. The ex-dividend date was Friday, September 13th. This is a boost from Spark New Zealand’s previous dividend of $0.06.

Spark New Zealand Company Profile

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It offers telecommunications, information technology, media, and other digital products and services, including mobile services; voice services; broadband services; internet sports streaming services; cloud, security, and service.