Spok (NASDAQ:SPOK) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Spok Holdings, Inc. (NASDAQ:SPOK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.68 and traded as high as $17.25. Spok shares last traded at $17.00, with a volume of 95,022 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Spok Trading Down 1.2 %

The business’s fifty day moving average price is $16.20 and its 200 day moving average price is $15.68. The company has a market capitalization of $344.62 million, a P/E ratio of 23.29 and a beta of 0.33.

Hedge Funds Weigh In On Spok

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its holdings in shares of Spok by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,998 shares of the Wireless communications provider’s stock worth $422,000 after acquiring an additional 2,536 shares during the period. Barclays PLC increased its position in shares of Spok by 273.8% during the 3rd quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock worth $362,000 after purchasing an additional 17,637 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Spok by 2,263.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after purchasing an additional 190,024 shares in the last quarter. FMR LLC increased its position in shares of Spok by 39.9% during the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after purchasing an additional 4,130 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Spok by 18.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 609 shares in the last quarter. 50.81% of the stock is owned by institutional investors.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.