DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ – Get Free Report) shot up 3.5% on Thursday. The company traded as high as $11.55 and last traded at $11.95. Approximately 9,594 shares were traded during mid-day trading, an increase of 131% from the average session volume of 4,159 shares. The stock had previously closed at $11.55.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DT Cloud Star Acquisition in a research report on Friday, October 9th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, DT Cloud Star Acquisition presently has an average rating of “Hold”.
Read Our Latest Analysis on DTSQ
DT Cloud Star Acquisition Stock Up 3.5%
The business’s 50 day moving average price is $11.51 and its 200 day moving average price is $11.25.
DT Cloud Star Acquisition (NASDAQ:DTSQ – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.05 earnings per share for the quarter.
About DT Cloud Star Acquisition
DT Cloud Star Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company was formed to identify and complete a business combination with one or more operating companies through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.
Unlike an operating company, DT Cloud Star Acquisition Corp. does not have an established portfolio of products or services and does not conduct significant commercial operations of its own.
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