Enhanced Group (NYSE:ENHA) Announces Quarterly Earnings Results

Enhanced Group (NYSE:ENHA) posted its quarterly earnings data on Thursday. The company reported ($0.44) earnings per share (EPS) for the quarter, Zacks reports.

Enhanced Group Stock Down 12.1%

NYSE ENHA traded down $0.27 on Thursday, reaching $1.97. The company’s stock had a trading volume of 1,768,562 shares, compared to its average volume of 606,633. The company’s 50-day moving average price is $3.05. Enhanced Group has a 52 week low of $1.93 and a 52 week high of $14.00.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Enhanced Group from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Enhanced Group in a report on Tuesday, June 16th. Finally, Wall Street Zen downgraded Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

Enhanced Group Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.