TheStreet downgraded shares of Spherix (NASDAQ:SPEX) from a c- rating to a d- rating in a research report released on Friday morning, TheStreetRatingsTable reports.
Shares of SPEX stock opened at $1.04 on Friday. The company has a market capitalization of $4.99 million, a P/E ratio of 1.53 and a beta of 0.12. The stock has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $1.59. Spherix has a fifty-two week low of $1.02 and a fifty-two week high of $4.25.
Spherix (NASDAQ:SPEX) last announced its earnings results on Tuesday, November 12th. The business services provider reported ($1.38) EPS for the quarter.
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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