Range Capital Acquisition (NASDAQ:RANG) Trading Up 0.1% – Time to Buy?

Range Capital Acquisition Corp. (NASDAQ:RANGGet Free Report)’s stock price was up 0.1% during trading on Monday . The company traded as high as $10.76 and last traded at $10.76. 609 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 980 shares. The stock had previously closed at $10.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Range Capital Acquisition in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on RANG

Range Capital Acquisition Price Performance

The business has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.60.

Range Capital Acquisition (NASDAQ:RANGGet Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Range Capital Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Berkley W R Corp increased its holdings in shares of Range Capital Acquisition by 0.9% during the 1st quarter. Berkley W R Corp now owns 577,081 shares of the company’s stock worth $6,074,000 after purchasing an additional 5,021 shares during the period. Glazer Capital LLC bought a new stake in shares of Range Capital Acquisition in the fourth quarter valued at about $104,000. Jane Street Group LLC bought a new stake in shares of Range Capital Acquisition in the second quarter valued at about $112,000. Radcliffe Capital Management L.P. acquired a new stake in Range Capital Acquisition during the second quarter worth about $188,000. Finally, Virtu Financial LLC acquired a new stake in Range Capital Acquisition during the fourth quarter worth about $444,000.

Range Capital Acquisition Company Profile

(Get Free Report)

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.

Further Reading

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