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

Shares of Spark New Zealand Limited (OTCMKTS:SPKKY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.31 and last traded at $9.35, with a volume of 180295 shares changing hands. The stock had previously closed at $9.54.

Analyst Ratings Changes

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

Spark New Zealand Trading Down 2.0 %

The firm’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $12.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 0.93.

Spark New Zealand Increases Dividend

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

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.