Spherix (NASDAQ:SPEX) Sees Large Volume Increase

Spherix Inc (NASDAQ:SPEX) saw unusually-strong trading volume on Wednesday . Approximately 848,186 shares traded hands during mid-day trading, an increase of 2,125% from the previous session’s volume of 38,123 shares.The stock last traded at $2.23 and had previously closed at $2.22.

The company’s fifty day moving average price is $2.22 and its 200 day moving average price is $1.91.

Spherix (NASDAQ:SPEX) last announced its earnings results on Wednesday, August 14th. The business services provider reported ($0.30) EPS for the quarter.

About Spherix (NASDAQ:SPEX)

Spherix Incorporated, a technology development company, owns, develops, acquires, and monetizes intellectual property assets. Its intellectual property is primarily consists of trade secrets, patented know-how, issued and pending patents, copyrights, and technological innovation. The company owns approximately 290 patents and patent applications.

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