Range Capital Acquisition (NASDAQ:RANG – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.
Range Capital Acquisition Price Performance
Range Capital Acquisition has a twelve month low of $10.40 and a twelve month high of $11.66. The firm’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $10.68.
Hedge Funds Weigh In On Range Capital Acquisition
A hedge fund recently bought a new position in Range Capital Acquisition stock. Sona Asset Management US LLC purchased a new stake in shares of Range Capital Acquisition Corp. (NASDAQ:RANG – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 174,774 shares of the company’s stock, valued at approximately $1,839,000. Sona Asset Management US LLC owned approximately 1.25% of Range Capital Acquisition as of its most recent filing with the Securities & Exchange Commission.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on Range Capital Acquisition
About Range Capital Acquisition
Range Capital Acquisition Corp. is a special purpose acquisition company (SPAC), formed to identify and combine with another business through a merger, share exchange, asset acquisition or similar transaction. It does not have significant independent business operations or offer products and services of its own. Its role is to seek a suitable business combination that would give a privately held company access to the public markets. Until completing such a transaction, its activities are focused on evaluating potential acquisition opportunities.
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