Spok (NASDAQ:SPOK) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Spok shares crossed above their 200-day moving average, reaching $11.60 before closing at $11.33; the 200-day average is $11.48.
• Analysts have a consensus “Hold” rating and a $14.00 target price. Spok recently beat quarterly expectations, reporting adjusted EPS of $0.20 versus the $0.15 estimate and revenue of $35.01 million.
• The company declared a quarterly dividend of $0.3125 per share, equivalent to $1.25 annually and an approximately 11.0% yield; however, its dividend payout ratio is elevated at 215.52%.

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.48 and traded as high as $11.60. Spok shares last traded at $11.33, with a volume of 134,714 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings raised Spok from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Wall Street Zen raised Spok from a "sell" rating to a "hold" rating in a report on Sunday, July 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.00.

Spok Price Performance

The company's 50-day simple moving average is $10.69 and its two-hundred day simple moving average is $11.48. The firm has a market capitalization of $237.00 million, a P/E ratio of 19.53 and a beta of 0.48.

Spok (NASDAQ:SPOK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Spok had a return on equity of 8.50% and a net margin of 9.00%.The company had revenue of $35.01 million during the quarter, compared to the consensus estimate of $34.30 million. Analysts predict that Spok Holdings, Inc. will post 0.66 earnings per share for the current year.

Spok Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.25 dividend on an annualized basis and a yield of 11.0%. Spok's dividend payout ratio (DPR) is currently 215.52%.

Hedge Funds Weigh In On Spok

Large investors have recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. raised its position in shares of Spok by 89.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider's stock valued at $196,000 after buying an additional 9,021 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Spok during the first quarter worth $166,000. Dimensional Fund Advisors LP boosted its position in shares of Spok by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider's stock worth $7,804,000 after acquiring an additional 12,043 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Spok by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 217,803 shares of the Wireless communications provider's stock valued at $2,374,000 after acquiring an additional 4,987 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Spok by 69.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider's stock valued at $33,000 after acquiring an additional 1,013 shares in the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok's flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.

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