Media headlines about Spok (NASDAQ:SPOK) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Spok earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 47.6484292218469 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
SPOK traded up $0.60 during midday trading on Thursday, reaching $15.60. 93,917 shares of the company were exchanged, compared to its average volume of 121,266. The firm has a market capitalization of $299.27, a P/E ratio of 33.98 and a beta of 0.54. Spok has a one year low of $13.75 and a one year high of $20.60.
Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $43.77 million during the quarter. Spok had a positive return on equity of 2.88% and a negative net margin of 8.94%.
Spok declared that its board has initiated a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have commented on SPOK shares. BidaskClub lowered Spok from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine lowered Spok from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th.
In other news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $15.50, for a total value of $155,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.63% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was originally reported by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://baseballnewssource.com/2018/04/06/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-spok-spok-stock-price/2029215.html.
Spok Company Profile
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.