Spok (NASDAQ:SPOK) Stock Price Passes Above 200 Day Moving Average - Here's Why

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

Wall Street Analyst Weigh In

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

Spok Trading Down 1.3 %

The firm's 50 day moving average price is $16.15 and its two-hundred day moving average price is $15.61. The company has a market capitalization of $332.63 million, a price-to-earnings ratio of 22.48 and a beta of 0.33.

Institutional Trading of Spok

Several institutional investors and hedge funds have recently bought and sold shares of SPOK. HighTower Advisors LLC increased its holdings in shares of Spok by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider's stock worth $10,141,000 after acquiring an additional 27,048 shares during the last quarter. Geode Capital Management LLC boosted its position in Spok by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider's stock worth $8,258,000 after purchasing an additional 6,591 shares during the period. Foundry Partners LLC increased its holdings in shares of Spok by 1.0% in the third quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider's stock valued at $6,585,000 after purchasing an additional 4,120 shares during the last quarter. State Street Corp raised its position in shares of Spok by 3.1% in the third quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider's stock valued at $6,263,000 after purchasing an additional 12,467 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Spok by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider's stock worth $3,428,000 after buying an additional 15,156 shares during the last quarter. 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.