Spark New Zealand Ltd (OTCMKTS:SPKKY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.62 and traded as high as $14.29. Spark New Zealand shares last traded at $14.24, with a volume of 18,588 shares trading hands.
Separately, Zacks Investment Research downgraded Spark New Zealand from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.
The company has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $13.62. 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 has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 9.32 and a beta of 0.54.
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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