DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Down 0.1% – Here’s What Happened

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) shares dropped 0.1% during mid-day trading on Monday . The company traded as low as $11.32 and last traded at $11.3690. Approximately 651 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 3,235 shares. The stock had previously closed at $11.38.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of DT Cloud Star Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

DT Cloud Star Acquisition Stock Performance

The firm has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $11.08.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.02 EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its holdings in DT Cloud Star Acquisition by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock worth $1,744,000 after purchasing an additional 84,000 shares during the period. Wolverine Asset Management LLC bought a new position in shares of DT Cloud Star Acquisition during the 4th quarter worth $1,511,000. Clear Street Group Inc. grew its position in shares of DT Cloud Star Acquisition by 44.0% during the 4th quarter. Clear Street Group Inc. now owns 108,780 shares of the company’s stock worth $1,170,000 after buying an additional 33,235 shares in the last quarter. Meteora Capital LLC bought a new position in shares of DT Cloud Star Acquisition during the 4th quarter worth $1,032,000. Finally, Quarry LP purchased a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at $748,000.

DT Cloud Star Acquisition Company Profile

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.