Spok (NASDAQ:SPOK) Stock Crosses Below 200 Day Moving Average – What’s Next?

Spok Holdings, Inc. (NASDAQ:SPOK)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.08 and traded as low as $10.32. Spok shares last traded at $10.32, with a volume of 190,406 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPOK. Weiss Ratings lowered shares of Spok from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. B. Riley Financial downgraded shares of Spok from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $14.00 in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Spok currently has a consensus rating of “Reduce” and an average price target of $14.00.

Spok Price Performance

The business has a 50 day moving average of $10.90 and a 200 day moving average of $12.08. The firm has a market capitalization of $215.58 million, a price-to-earnings ratio of 17.20 and a beta of 0.45.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, April 29th. The Wireless communications provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Spok had a net margin of 9.27% and a return on equity of 8.64%. The company had revenue of $33.23 million during the quarter, compared to the consensus estimate of $35.00 million. As a group, equities analysts predict that Spok Holdings, Inc. will post 0.66 EPS for the current year.

Spok Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Tuesday, May 26th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 12.1%. Spok’s dividend payout ratio is 208.33%.

Insider Buying and Selling at Spok

In other news, CEO Vincent D. Kelly acquired 5,000 shares of Spok stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $10.67 per share, with a total value of $53,350.00. Following the purchase, the chief executive officer directly owned 162,565 shares of the company’s stock, valued at $1,734,568.55. The trade was a 3.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Spok

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Spok by 305.4% in the third quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,353 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Spok by 69.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,013 shares during the period. Royal Bank of Canada increased its position in shares of Spok by 182.8% in the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock valued at $40,000 after buying an additional 2,004 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Spok by 40.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 747 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Spok by 319.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock worth $49,000 after buying an additional 2,113 shares during the period. Institutional investors own 50.81% of the company’s stock.

Spok Company Profile

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.