July 27, 2016 - 12:26 PM EDT
Print Email Article Font Down Font Up
Spark Energy Inc. (SPKE) Drags on Utilities Sector with Loss of 3.48% in Early Trading on July 27

image

Spark Energy Inc. (SPKE) started the trading day on a down note, making it one of the worst performing stocks in the utilities sector of NYSE and NASDAQ listed companies shortly after the opening bell on July 27. Shares of SPKE have fallen 3.48% about 30 minutes into the session to $22.91 after closing the day prior at $23.74. It’s early, but the stock has traded as high as $23.5 and as low as $22.57 so far. Today’s quick decline has come with about 196,792 shares changing hands, compared to an average 30-day volume of 286,915 for Spark Energy Inc.. The price is currently below the 30-day volume weighted average price of $23.0 for SPKE.

The share depreciation gives the company a market capitalization of $329.24 million based upon 13.87 million shares outstanding. It also means that SPKE has a price-to-book ratio of 18.7:1.

In the past 52 weeks, shares of SPKE have traded as low as $14.56 and as high as $35.6299. Technical traders will take note that at $22.91, shares of SPKE are trading below their 200-day MA at $23.39 and below their 50-day MA at $30.78. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is SPKE?

Spark Energy Inc provides independent retail energy services. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company’s 189 employees are led by CEO Nathan Kroeker from the corporate headquarters at 12140 Wickchester Lane in Houston, TX.


For more information on SPKE and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.


Source: Financial Press News (July 27, 2016 - 12:26 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice