Lake Superior Acquisition (NASDAQ:LKSP) Issues Quarterly Earnings Results

Lake Superior Acquisition (NASDAQ:LKSP – Get Free Report) posted its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports.

Lake Superior Acquisition Trading Down 0.0%

NASDAQ:LKSP traded down $0.01 during midday trading on Wednesday, reaching $10.11. The company had a trading volume of 2,896 shares, compared to its average volume of 6,650. The business’s fifty day simple moving average is $10.05. Lake Superior Acquisition has a 12-month low of $9.89 and a 12-month high of $10.11.

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Institutional Trading of Lake Superior Acquisition

A number of institutional investors have recently bought and sold shares of LKSP. AQR Arbitrage LLC purchased a new stake in Lake Superior Acquisition during the 4th quarter worth about $5,414,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Lake Superior Acquisition during the 4th quarter worth about $4,970,000. Hudson Bay Capital Management LP purchased a new stake in Lake Superior Acquisition during the 4th quarter worth about $4,175,000. Polar Asset Management Partners Inc. purchased a new stake in Lake Superior Acquisition during the 4th quarter worth about $4,171,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Lake Superior Acquisition during the 4th quarter worth about $3,472,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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Lake Superior Acquisition Company Profile

(Get Free Report)

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.

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