Spirent Communications (OTCMKTS:SPMYY) Sees Large Volume Increase - Still a Buy?

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.

Spirent Communications PLC (OTCMKTS:SPMYY - ) saw an uptick in trading volume on Wednesday . 1,224 shares traded hands 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 business's 50 day moving average is $10.03 and its two-hundred day moving average is $9.64.

Spirent Communications Increases Dividend

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

Spirent Communications Company Profile

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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