Spirent Communications (OTCMKTS:SPMYY) Reaches New 1-Year High at $10.25

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Spirent Communications Plc (OTCMKTS:SPMYY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $10.25 and last traded at $9.95, with a volume of 2134 shares. The stock had previously closed at $9.95.

SPMYY has been the subject of several research reports. Zacks Investment Research raised Spirent Communications from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Friday, August 9th. ValuEngine raised Spirent Communications from a “hold” rating to a “buy” rating in a report on Thursday, July 11th.

The stock has a 50 day simple moving average of $8.75 and a 200 day simple moving average of $8.13. The stock has a market cap of $1.52 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.44 and a beta of 0.65.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 19th were paid a dividend of $0.068 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Spirent Communications’s previous Semi-Annual dividend of $0.06. Spirent Communications’s dividend payout ratio (DPR) is 32.56%.

Spirent Communications Company Profile (OTCMKTS:SPMYY)

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

See Also: Fundamental Analysis

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