Spark New Zealand (OTCMKTS:SPKKY) Stock Crosses Above 200 Day Moving Average of $12.98

Spark New Zealand Ltd (OTCMKTS:SPKKY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.98 and traded as high as $14.57. Spark New Zealand shares last traded at $14.55, with a volume of 2,388 shares changing hands.

Separately, Zacks Investment Research raised Spark New Zealand from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Saturday, August 24th.

The firm has a market cap of $5.31 billion, a P/E ratio of 19.54, a PEG ratio of 9.41 and a beta of 0.54. The company has a 50 day moving average of $14.01 and a 200 day moving average of $12.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.97.

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be paid a $0.367 dividend. This is a boost from Spark New Zealand’s previous Semi-Annual dividend of $0.29. The ex-dividend date of this dividend is Wednesday, September 18th. Spark New Zealand’s payout ratio is presently 75.68%.

Spark New Zealand Company Profile (OTCMKTS:SPKKY)

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications, and information and communications technology (ICT) products and services primarily in New Zealand. The company's Spark Home, Mobile & Business segment offers a range of services and content, data, and voice services across fiber, wireless, and copper broadband, mobile, online video entertainment, and nationwide Wi-Fi zones to consumer and small business customers.

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