Spark New Zealand (ASX:SPK) Trading Down 3.5%

Spark New Zealand Ltd (ASX:SPK)’s share price dropped 3.5% on Wednesday . The company traded as low as A$4.10 ($2.91) and last traded at A$4.13 ($2.93), approximately 886,948 shares were traded during trading. A decline of 16% from the average daily volume of 1,060,000 shares. The stock had previously closed at A$4.28 ($3.04).

The stock has a market capitalization of $7.60 billion and a price-to-earnings ratio of 28.75. The stock has a fifty day simple moving average of A$4.12 and a two-hundred day simple moving average of A$3.75. The company has a debt-to-equity ratio of 140.55, a quick ratio of 0.71 and a current ratio of 0.97.

The firm also recently announced a Final dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a dividend of $0.114 per share. This represents a dividend yield of 2.85%. The ex-dividend date was Thursday, September 19th. Spark New Zealand’s payout ratio is 152.78%.

About Spark New Zealand (ASX:SPK)

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.

Further Reading: Calculating net profit and net profit margin ratio

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