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Spirent Communications (OTCMKTS:SPMYY) Sees Strong Trading Volume - Still a Buy?

Spirent Communications logo with Computer and Technology background

Key Points

  • Spirent Communications experienced a significant increase in trading volume, with 1,224 shares traded—up 153% from the previous session's 484 shares.
  • The company recently increased its dividend to $0.1722 per share, which resulted in a high yield of 171.0%, up from the prior dividend of $0.10.
  • Spirent provides automated test and assurance solutions across various segments, including 5G mobile core networks and Wi-Fi devices, demonstrating its wide market reach.
  • Interested in Spirent Communications? Here are five stocks we like better.

Spirent Communications PLC (OTCMKTS:SPMYY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,224 shares were traded during mid-day trading, an increase of 153% from the previous session's volume of 484 shares.The stock last traded at $9.95 and had previously closed at $10.05.

Spirent Communications Price Performance

The stock has a 50-day moving average of $10.02 and a 200 day moving average of $9.67.

Spirent Communications Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 8th were given a $0.1722 dividend. The ex-dividend date was Monday, July 7th. This represents a yield of 171.0%. This is a boost from Spirent Communications's previous dividend of $0.10.

Spirent Communications Company Profile

(Get Free Report)

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.

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