Apex Technology Acquisition (NASDAQ:APXT) Reaches New 1-Year High – Time to Buy?

Shares of Apex Technology Acquisition Co. (NASDAQ:APXTGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $10.08 and last traded at $10.05, with a volume of 171806 shares changing hands. The stock had previously closed at $10.05.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Apex Technology Acquisition to a “hold” rating in a research note on Saturday. Weiss Ratings began coverage on shares of Apex Technology Acquisition in a report on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Report on APXT

Apex Technology Acquisition Price Performance

The stock has a fifty day moving average price of $10.02 and a 200 day moving average price of $9.96.

Apex Technology Acquisition (NASDAQ:APXTGet Free Report) last released its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $11,246,000. HighTower Advisors LLC purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter worth approximately $11,272,000. Aristeia Capital L.L.C. purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter worth approximately $5,440,000. Periscope Capital Inc. bought a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $4,450,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $3,956,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

About Apex Technology Acquisition

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Apex Technology Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apex Technology Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.