Apex Technology Acquisition (NASDAQ:APXT – Get Free Report) posted its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.
Apex Technology Acquisition Trading Down 0.3%
Shares of Apex Technology Acquisition stock traded down $0.03 on Tuesday, hitting $10.12. The company had a trading volume of 596 shares, compared to its average volume of 169,623. Apex Technology Acquisition has a 52 week low of $9.87 and a 52 week high of $10.19. The business has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $10.01.
Analyst Upgrades and Downgrades
APXT has been the subject of a number of recent analyst reports. Weiss Ratings began coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Apex Technology Acquisition currently has an average rating of “Sell”.
Hedge Funds Weigh In On Apex Technology Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC bought a new stake in shares of Apex Technology Acquisition in the 1st quarter worth $2,500,000. Sona Asset Management US LLC bought a new stake in Apex Technology Acquisition in the first quarter worth about $3,404,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Apex Technology Acquisition in the first quarter worth about $8,492,000. ABC Arbitrage SA bought a new stake in Apex Technology Acquisition in the first quarter worth about $199,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Apex Technology Acquisition in the 4th quarter valued at about $989,000. 6.01% of the stock is owned by institutional investors.
Apex Technology Acquisition Company Profile
Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.
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