Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) issued its earnings results on Thursday. The company reported $0.01 EPS for the quarter, FiscalAI reports.
Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance
NTWO remained flat at $10.71 on Thursday. The company’s stock had a trading volume of 8 shares, compared to its average volume of 14,654. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a fifty-two week low of $10.29 and a fifty-two week high of $10.74. The firm’s fifty day moving average price is $10.69 and its 200-day moving average price is $10.60.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares
Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter valued at approximately $4,396,000. Whitebox Advisors LLC bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth approximately $3,859,000. Hudson Bay Capital Management LP acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at approximately $8,995,000. Moore Capital Management LP acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth $2,058,000. Finally, Radcliffe Capital Management L.P. bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $2,854,000.
About Newbury Street II Acquisition Corp – Class A Ordinary Shares
Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.
The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.
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