Spark Energy Inc. (SPKE) Gains 5.81%, Providing Lift for Utilities in Early Trading on July 28

Spark Energy Inc. (SPKE) is one of the best performing stocks in the utilities sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on July 28. Shares of SPKE have climbed 5.81% about 30 minutes into the session to $25.5 after closing the day prior at $24.1. It’s early, but the stock has traded as high as $25.5 and as low as $24.78 so far. Today’s quick advance has come with about 120,936 shares changing hands, compared to an average 30-day volume of 303,750 for Spark Energy Inc.. The price is currently below the 30-day volume weighted average price of $25.1 for SPKE.

The share appreciation gives the company a market capitalization of $334.23 million based upon 13.87 million shares outstanding. It also means that SPKE has a price-to-book ratio of 18.51:1 and a price-to-earnings ratio of 20.3:1.

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 $25.5, shares of SPKE are trading above their 200-day MA at $23.43 and below their 50-day MA at $30.66. 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 above them is typically regarded as bullish.

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 Suite 100.

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