Gesher Acquisition Corp. II (NASDAQ:GSHR – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, FiscalAI reports.
Gesher Acquisition Corp. II Price Performance
Gesher Acquisition Corp. II stock remained flat at $10.39 during midday trading on Friday. The company had a trading volume of 11,033 shares, compared to its average volume of 21,837. The firm’s 50-day simple moving average is $10.36. Gesher Acquisition Corp. II has a 12 month low of $9.51 and a 12 month high of $11.20.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings assumed coverage on shares of Gesher Acquisition Corp. II in a research report on Tuesday, January 27th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Hedge Funds Weigh In On Gesher Acquisition Corp. II
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Gesher Acquisition Corp. II in the fourth quarter valued at $156,000. Meteora Capital LLC acquired a new position in Gesher Acquisition Corp. II during the 4th quarter worth $437,000. Glazer Capital LLC grew its stake in Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after purchasing an additional 24,299 shares in the last quarter. Radcliffe Capital Management L.P. increased its holdings in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after purchasing an additional 58,339 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Gesher Acquisition Corp. II in the 4th quarter valued at about $4,107,000.
Gesher Acquisition Corp. II Company Profile
Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.
Gesher Acquisition Corp.
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