Spark New Zealand (OTCMKTS:SPKKY) Reaches New 1-Year Low – Should You Sell?

Spark New Zealand Limited (OTCMKTS:SPKKY) shares hit a new 52-week low on Tuesday . The company traded as low as $8.31 and last traded at $8.35, with a volume of 283996 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Spark New Zealand to a “hold” rating in a report on Wednesday, July 31st.

Spark New Zealand Stock Performance

The company has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $11.33. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 0.76.

Spark New Zealand Increases Dividend

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

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.