Keen Vision Acquisition (NASDAQ:KVAC) Releases Quarterly Earnings Results

Keen Vision Acquisition (NASDAQ:KVAC) announced its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, FiscalAI reports.

Keen Vision Acquisition Stock Performance

Shares of Keen Vision Acquisition stock traded up $0.16 during trading on Thursday, hitting $11.73. The company’s stock had a trading volume of 539 shares, compared to its average volume of 2,071. Keen Vision Acquisition has a 52 week low of $10.86 and a 52 week high of $12.00. The stock has a 50-day moving average price of $11.63 and a two-hundred day moving average price of $11.48.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of institutional investors have recently made changes to their positions in the stock. Crossingbridge Advisors LLC acquired a new stake in shares of Keen Vision Acquisition in the third quarter valued at about $755,000. Berkley W R Corp lifted its stake in shares of Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock worth $11,895,000 after acquiring an additional 361,071 shares during the period. Westchester Capital Management LLC bought a new stake in Keen Vision Acquisition in the first quarter valued at approximately $787,000. Finally, Tabor Asset Management LP acquired a new stake in Keen Vision Acquisition during the 1st quarter valued at approximately $2,614,000. Institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keen Vision Acquisition in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Keen Vision Acquisition currently has a consensus rating of “Hold”.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.