Shares are trading at $17.10 a tad above the 50 day moving average of $15.96 and barely above the 200 day moving average of $17.06. The 50 day moving average went up by +7.11% and the 200 day average went up by +0.25%. Spok Holdings, Inc. shares had a trading volume of 73K on Tuesday. Trading volume was down 16.18% under the stocks average daily volume.
Traders are more bullish on Spok Holdings, Inc. considering the decrease in short interest. The company experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -14.90%. Short interest fell from 389,554 to 331,510 over that period. Days to cover increased 1.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.
The following firms have recently changed their position in SPOK. Bank Of Montreal /can/ bolstered its holdings by buying 637 shares an increase of 250.8% in the quarter. Bank Of Montreal /can/ now holds 891 shares worth $14,000. The value of the position overall is up by 250.0%. Meeder Asset Management Inc trimmed its stake by shedding 149 shares a decrease of 25.8% as of 09/30/2017. Meeder Asset Management Inc owns 428 shares with a value of $7,000. The total value of its holdings decreased 30.0%.
As of the end of the quarter State of Alaska, Department of Revenue had bought a total of 60 shares growing its stake by 1.5%. The value of the investment in SPOK went from $70,000 to $62,000 decreasing 11.4% since the last quarter. North Star Investment Management Corp. augmented its position by buying 10 shares an increase of 0.3% from 06/30/2017 to 09/30/2017. North Star Investment Management Corp. currently owns 3,316 shares valued at $51,000. The value of the position overall is down by 13.6%.
The P/E ratio is 37.25 and the market cap of the company is 341.61M.
Spok Holdings, Inc., launched on March 5, 2004, through its subsidiary, Spok, Inc., provides critical communication solutions for enterprises. The Company is involved in the healthcare communications. The Company is a provider of paging services and selected software solutions in the United States and abroad, on a limited basis, in Europe, Canada, Australia, Asia and the Middle East. The Company offers its services and products primarily to three market segments: healthcare, government and large enterprise..