Spok (NASDAQ:SPOK) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Spok Price Performance

The firm has a market capitalization of $328.98 million, a PE ratio of 22.23 and a beta of 0.33. The company has a 50-day moving average price of $16.15 and a 200-day moving average price of $15.60.

Institutional Investors Weigh In On Spok

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