Spok (NASDAQ:SPOK) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Spok shares moved above their 200-day moving average, reaching $11.02 before closing at $10.73, slightly below the $10.79 average.
• Analyst sentiment remains cautious: Spok has a consensus rating of “Reduce” from two analysts, despite an average price target of $14.00.
• The company reported quarterly EPS of $0.20, beating estimates by $0.05, and revenue of $35.01 million. Spok also pays a $1.25 annualized dividend, yielding about 11.6%, though its payout ratio is elevated at 215.52%.

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.79 and traded as high as $11.02. Spok shares last traded at $10.73, with a volume of 102,331 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised Spok from a "sell" rating to a "hold" rating in a research note on Sunday, July 5th. Weiss Ratings downgraded Spok from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Spok currently has a consensus rating of "Reduce" and an average price target of $14.00.

Spok Stock Performance

The stock's 50-day moving average is $10.70 and its two-hundred day moving average is $10.79. The stock has a market cap of $224.47 million, a PE ratio of 18.50 and a beta of 0.47.

Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $35.01 million for the quarter, compared to the consensus estimate of $34.30 million. Spok had a return on equity of 8.50% and a net margin of 9.00%.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were paid a $0.3125 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 11.6%. Spok's payout ratio is 215.52%.

Insider Buying and Selling

In other Spok news, Director Christine Cournoyer sold 8,320 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $11.28, for a total transaction of $93,849.60. Following the sale, the director owned 16,261 shares in the company, valued at $183,424.08. This represents a 33.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Spok

A number of large investors have recently modified their holdings of the company. Triumph Capital Management increased its holdings in shares of Spok by 36.2% in the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider's stock valued at $71,000 after acquiring an additional 1,800 shares during the last quarter. Amundi purchased a new stake in Spok during the 2nd quarter valued at approximately $125,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Spok during the second quarter worth $213,000. Bank of New York Mellon Corp purchased a new stake in shares of Spok in the second quarter valued at about $2,397,000. Finally, Redhawk Wealth Advisors Inc. lifted its position in Spok by 89.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider's stock valued at $196,000 after purchasing an additional 9,021 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Spok Company Profile

Spok Inc NASDAQ: SPOK provides healthcare communications technology designed to help organizations coordinate clinical and operational activities. Its solutions support the delivery of secure, time-sensitive information among clinicians, care teams, patients and other personnel.

The company's offerings include secure messaging and clinical collaboration tools, critical communications software, on-call scheduling, paging services, voice solutions and communication middleware. Spok's systems can connect with electronic health records, nurse call systems, smartphones, pagers and other hospital technologies to help route alerts and messages to the appropriate people.

Spok primarily serves hospitals, health systems and other healthcare organizations, with solutions intended to support workflows such as patient care coordination, emergency response, care-team collaboration and operational communications.

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