Spherix (NASDAQ:SPEX) Stock Price Down 12.9%

Spherix Inc (NASDAQ:SPEX)’s stock price traded down 12.9% on Tuesday . The company traded as low as $1.51 and last traded at $1.35, 4,894 shares changed hands during trading. A decline of 91% from the average session volume of 55,337 shares. The stock had previously closed at $1.55.

Separately, ValuEngine raised shares of Spherix from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

The stock’s 50 day simple moving average is $1.89 and its two-hundred day simple moving average is $2.12.

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

Spherix Company Profile (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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