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

Shares of Spok Holdings, Inc. (NASDAQ:SPOK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.61 and traded as high as $16.63. Spok shares last traded at $16.62, with a volume of 66,109 shares.

Analysts Set New Price Targets

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

Spok Stock Performance

The firm has a market capitalization of $336.89 million, a PE ratio of 22.77 and a beta of 0.33. The company has a fifty day simple moving average of $16.15 and a two-hundred day simple moving average of $15.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Spok in the 2nd quarter worth approximately $372,000. SG Americas Securities LLC bought a new stake in Spok during the 3rd quarter valued at $116,000. Redhawk Wealth Advisors Inc. grew its stake in Spok by 10.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock valued at $220,000 after purchasing an additional 1,408 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Spok in the 3rd quarter worth approximately $27,000. Finally, Quest Partners LLC purchased a new position in Spok in the third quarter worth $473,000. 50.81% of the stock is currently 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.