ValuEngine Upgrades Spherix (NASDAQ:SPEX) to Buy

Spherix (NASDAQ:SPEX) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

NASDAQ SPEX traded up $0.03 on Wednesday, hitting $1.74. The company’s stock had a trading volume of 5,604 shares, compared to its average volume of 138,556. Spherix has a 1-year low of $1.60 and a 1-year high of $6.59. The company’s 50-day moving average is $2.07 and its 200 day moving average is $2.04.

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

About Spherix

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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