SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) shares dropped 0.1% during mid-day trading on Friday. The stock traded as low as $10.86 and last traded at $10.91. Approximately 3,094 shares were traded during trading, a decline of 7% from the average session volume of 3,332 shares. The stock had previously closed at $10.92.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of SIM Acquisition Corp. I from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on SIM Acquisition Corp. I
SIM Acquisition Corp. I Stock Down 0.1%
SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter.
Hedge Funds Weigh In On SIM Acquisition Corp. I
A number of hedge funds have recently added to or reduced their stakes in SIMA. Sona Asset Management US LLC acquired a new position in shares of SIM Acquisition Corp. I in the 1st quarter valued at about $1,072,000. DLD Asset Management LP bought a new stake in shares of SIM Acquisition Corp. I in the 1st quarter worth approximately $5,375,000. Berkley W R Corp boosted its position in SIM Acquisition Corp. I by 74.9% during the 1st quarter. Berkley W R Corp now owns 912,286 shares of the company’s stock valued at $9,780,000 after purchasing an additional 390,768 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in SIM Acquisition Corp. I in the fourth quarter worth $2,118,000. Finally, Radcliffe Capital Management L.P. boosted its holdings in shares of SIM Acquisition Corp. I by 5.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 536,322 shares of the company’s stock valued at $5,680,000 after acquiring an additional 26,290 shares during the period.
About SIM Acquisition Corp. I
SIM Acquisition Corp. I (NASDAQ:SIMA) is a special purpose acquisition company, commonly known as a blank-check company. Its primary purpose is to raise capital through a public offering and use those funds to pursue a business combination with an existing private company.
The company does not operate a conventional business, manufacture products, or provide services to customers. Instead, its activities generally involve evaluating potential acquisition targets and negotiating a merger, acquisition, or similar transaction intended to take a private company public.
Publicly available information about SIM Acquisition Corp.
Further Reading
- Five stocks we like better than SIM Acquisition Corp. I
- Why Valley National Is Buying Growth Instead of Building It
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
- 3 AI Winners, 3 Very Different Paths to Higher Margins
Receive News & Ratings for SIM Acquisition Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIM Acquisition Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.
