Tavia Acquisition (NASDAQ:TAVI) Issues Earnings Results

Tavia Acquisition (NASDAQ:TAVIGet Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.

Tavia Acquisition Price Performance

TAVI stock remained flat at $10.69 during midday trading on Wednesday. The company’s stock had a trading volume of 379 shares, compared to its average volume of 32,838. The business has a 50-day moving average of $10.72 and a 200 day moving average of $10.61. Tavia Acquisition has a 52 week low of $10.27 and a 52 week high of $11.91.

Institutional Trading of Tavia Acquisition

Hedge funds have recently made changes to their positions in the stock. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Tavia Acquisition in the fourth quarter valued at about $11,369,000. Goldman Sachs Group Inc. bought a new position in Tavia Acquisition during the 1st quarter worth approximately $2,155,000. Sona Asset Management US LLC acquired a new position in shares of Tavia Acquisition in the 1st quarter worth approximately $1,056,000. Rivernorth Capital Management LLC grew its position in shares of Tavia Acquisition by 33.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock worth $2,738,000 after acquiring an additional 65,632 shares in the last quarter. Finally, Moore Capital Management LP acquired a new position in shares of Tavia Acquisition in the 2nd quarter worth approximately $514,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tavia Acquisition in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Stock Analysis on Tavia Acquisition

Tavia Acquisition Company Profile

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Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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