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.
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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