Quetta Acquisition Corporation (NASDAQ:QETA – Get Free Report)’s stock price dropped 3.1% during mid-day trading on Wednesday . The stock traded as low as $11.41 and last traded at $11.6040. Approximately 2,063 shares traded hands during trading, an increase of 410% from the average session volume of 404 shares. The stock had previously closed at $11.98.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Quetta Acquisition has an average rating of “Sell”.
Read Our Latest Analysis on QETA
Quetta Acquisition Stock Performance
Quetta Acquisition (NASDAQ:QETA – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.00) EPS for the quarter.
Hedge Funds Weigh In On Quetta Acquisition
A hedge fund recently bought a new position in Quetta Acquisition stock. Clear Street Group Inc. purchased a new stake in shares of Quetta Acquisition Corporation (NASDAQ:QETA – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned approximately 0.47% of Quetta Acquisition as of its most recent filing with the Securities & Exchange Commission. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
Quetta Acquisition Company Profile
Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.
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