Spark New Zealand (OTCMKTS:SPKKY) Sets New 52-Week Low – What’s Next?

Spark New Zealand Limited (OTCMKTS:SPKKY) shares reached a new 52-week low on Tuesday . The stock traded as low as $8.75 and last traded at $8.79, with a volume of 301471 shares. The stock had previously closed at $8.95.

Analysts Set New Price Targets

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

Spark New Zealand Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average price is $10.07 and its 200-day moving average price is $11.94.

Spark New Zealand Increases Dividend

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

About Spark New Zealand

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.