Spark New Zealand (OTCMKTS:SPKKY) Shares Gap Up – Time to Buy?

Spark New Zealand Ltd. (OTCMKTS:SPKKY – Get Free Report) shares gapped up prior to trading on Thursday. The stock had previously closed at $5.47, but opened at $5.6950. Spark New Zealand shares last traded at $5.66, with a volume of 807 shares traded.

Spark New Zealand Price Performance

The stock’s 50 day moving average price is $5.89 and its 200-day moving average price is $5.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.27.

Spark New Zealand Company Profile

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Spark New Zealand Limited is a telecommunications and digital services company serving consumers, businesses and government organizations across New Zealand. The company provides mobile communications, broadband and fixed-line connectivity, voice services, and related digital products.

Spark also offers information and communications technology services, including cloud solutions, managed networks, cybersecurity, data and collaboration services, and digital transformation support. Its consumer business provides mobile plans, internet access, entertainment and other connected-home services, while its business operations support organizations with communications and technology infrastructure.

The company was formerly known as Telecom New Zealand and adopted the Spark New Zealand name in 2014 as part of a broader brand and business transformation.

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