Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Announces Earnings Results

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) issued its earnings results on Thursday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Columbus Acquisition Corp/Cayman Islands Stock Down 1.2%

Columbus Acquisition Corp/Cayman Islands stock traded down $0.13 during trading hours on Friday, reaching $10.83. 65,282 shares of the company were exchanged, compared to its average volume of 30,989. Columbus Acquisition Corp/Cayman Islands has a 12 month low of $10.08 and a 12 month high of $11.08. The firm has a 50-day moving average price of $10.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on Columbus Acquisition Corp/Cayman Islands in a research note on Monday, January 26th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

Large investors have recently modified their holdings of the company. HRT Financial LP acquired a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at $172,000. Clear Street Group Inc. boosted its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $1,039,000. Rivernorth Capital Management LLC grew its position in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after purchasing an additional 102,256 shares during the last quarter. Finally, Meteora Capital LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.