UY Scuti Acquisition (NASDAQ:UYSC – Get Free Report) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, FiscalAI reports.
UY Scuti Acquisition Price Performance
NASDAQ UYSC traded up $0.02 on Friday, hitting $10.80. The company had a trading volume of 1,351 shares, compared to its average volume of 12,502. The company’s fifty day moving average price is $10.73 and its 200-day moving average price is $10.55. UY Scuti Acquisition has a 12-month low of $10.10 and a 12-month high of $11.75.
Institutional Trading of UY Scuti Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of UYSC. Hudson Bay Capital Management LP purchased a new position in UY Scuti Acquisition in the 2nd quarter valued at about $4,522,000. Karpus Management Inc. purchased a new position in shares of UY Scuti Acquisition in the second quarter valued at approximately $2,980,000. Shaolin Capital Management LLC purchased a new position in shares of UY Scuti Acquisition in the second quarter valued at approximately $2,810,000. AQR Arbitrage LLC acquired a new stake in shares of UY Scuti Acquisition in the second quarter worth approximately $1,343,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in UY Scuti Acquisition during the 2nd quarter worth $1,258,000.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on UY Scuti Acquisition
About UY Scuti Acquisition
UY Scuti Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. It completed its initial public offering on the Nasdaq under the ticker symbol UYSC, raising capital through the sale of units composed of common stock and warrants. As a blank check company, UY Scuti Acquisition holds the IPO proceeds in a trust account while it seeks a suitable business combination.
The firm’s principal objective is to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses.
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