Spirent Communications (OTCMKTS:SPMYY) Shares Down 0.7% - Here's Why

Key Points

• Spirent Communications' stock fell 0.7% to $9.95 during trading, marking a notable increase in trading volume compared to its average.
• The company declared a new dividend of $0.1722 per share, a significant increase from its previous dividend of $0.10, resulting in a yield of 171.0%.
• Spirent Communications specializes in providing automated test and assurance solutions for mobile networks across various regions, including 5G technologies.

Spirent Communications PLC (OTCMKTS:SPMYY - Get Free Report) shares dropped 0.7% during trading on Wednesday . The company traded as low as $9.95 and last traded at $9.95. Approximately 1,224 shares changed hands during mid-day trading, an increase of 87,329% from the average daily volume of 1 shares. The stock had previously closed at $10.02.

Spirent Communications Price Performance

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

Spirent Communications Increases Dividend

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

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.