Space Asset Acquisition (NASDAQ:SAAQ – Get Free Report) was upgraded by Wall Street Zen to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings upgraded shares of Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Space Asset Acquisition
Space Asset Acquisition Trading Down 0.2%
Space Asset Acquisition stock opened at $10.08 on Friday. Space Asset Acquisition has a 12-month low of $9.88 and a 12-month high of $11.10. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $10.17.
Institutional Investors Weigh In On Space Asset Acquisition
A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP bought a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $108,000.
Space Asset Acquisition Company Profile
Space Asset Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more companies operating in the space industry. Unlike an operating company, it was formed primarily to raise capital and pursue a merger, acquisition, or similar transaction.
The company’s investment focus includes businesses involved in space-based technologies and services, such as satellite systems, space transportation, communications, data applications, and related infrastructure.
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