July 28, 2016 - 6:04 PM EDT
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Spark Energy Inc. (SPKE) Paces Utilities with 1.74% Gain on July 28


Spark Energy Inc. (SPKE) was one of the best performers amongst all companies listed in the utilities sector on the NYSE and NASDAQ exchanges during trading on July 28, climbing 1.74% to wrap the day at $24.52 after closing the day prior at $24.1. Throughout the trading session, shares of SPKE rose as high as $26.28 and dipped as low as $24.47. Today’s advance came with about 525,467 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 $25.28 for SPKE.

The share appreciation today 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.

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 $24.52, 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 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.

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Source: Financial Press News (July 28, 2016 - 6:04 PM EDT)

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