Black Hawk Acquisition (NASDAQ:BKHA) Stock Price Up 0.8% – Still a Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHAGet Free Report)’s stock price was up 0.8% during trading on Thursday . The company traded as high as $13.09 and last traded at $12.0090. Approximately 3,521 shares were traded during trading, an increase of 188% from the average daily volume of 1,222 shares. The stock had previously closed at $11.91.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Black Hawk Acquisition has a consensus rating of “Sell”.

Read Our Latest Research Report on Black Hawk Acquisition

Black Hawk Acquisition Stock Up 0.7%

The company’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $11.66.

Black Hawk Acquisition (NASDAQ:BKHAGet Free Report) last posted its quarterly earnings data on Monday, April 20th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Trading of Black Hawk Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. increased its stake in shares of Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after acquiring an additional 6,158 shares during the last quarter. Meteora Capital LLC acquired a new position in Black Hawk Acquisition during the third quarter worth approximately $1,111,000. Quarry LP acquired a new position in Black Hawk Acquisition during the third quarter worth approximately $112,000. Finally, Crossingbridge Advisors LLC purchased a new position in Black Hawk Acquisition during the third quarter worth approximately $588,000.

Black Hawk Acquisition Company Profile

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Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.

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