Spherix (NASDAQ:SPEX) Stock Price Crosses Above 200-Day Moving Average of $2.06

Spherix Inc (NASDAQ:SPEX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.06 and traded as high as $1.64. Spherix shares last traded at $1.64, with a volume of 100 shares trading hands.

Separately, ValuEngine upgraded Spherix from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The firm has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $2.07.

Spherix (NASDAQ:SPEX) last posted its quarterly 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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