Spok (NASDAQ:SPOK) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Spok Holdings, Inc. (NASDAQ:SPOK) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.60 and traded as high as $15.99. Spok shares last traded at $15.81, with a volume of 88,988 shares changing hands.

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 stock has a market cap of $320.47 million, a PE ratio of 21.66 and a beta of 0.33. The company’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $15.60.

Institutional Investors Weigh In On Spok

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

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.