Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Announces Quarterly Earnings Results

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) announced its quarterly earnings data on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Down 0.2%

NASDAQ:NTWO traded down $0.02 during mid-day trading on Friday, hitting $10.50. 4 shares of the company’s stock traded hands, compared to its average volume of 31,294. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a twelve month low of $10.00 and a twelve month high of $10.52. The company has a fifty day moving average of $10.48 and a 200 day moving average of $10.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

Several large investors have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth approximately $14,906,000. Hudson Bay Capital Management LP acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth $8,995,000. Goldman Sachs Group Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter valued at $4,396,000. Whitebox Advisors LLC acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at about $3,859,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at about $2,854,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

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.