Shares of Spirent Communications Plc (OTCMKTS:SPMYY) hit a new 52-week high on Friday . The company traded as high as $9.94 and last traded at $9.75, with a volume of 3680 shares. The stock had previously closed at $9.36.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Spirent Communications from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Friday, August 9th. ValuEngine upgraded Spirent Communications from a “hold” rating to a “buy” rating in a report on Thursday, July 11th.

The firm has a market capitalization of $1.43 billion, a P/E ratio of 22.67, a P/E/G ratio of 3.25 and a beta of 0.65. The stock has a fifty day simple moving average of $8.49 and a two-hundred day simple moving average of $8.06.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 19th will be issued a $0.068 dividend. This is an increase from Spirent Communications’s previous Semi-Annual dividend of $0.06. The ex-dividend date of this dividend is Friday, August 16th. Spirent Communications’s payout ratio is presently 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.

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