Twelve Seas Investment Company II (NASDAQ:TWLV) Shares Down 0.1% – Here’s Why

Twelve Seas Investment Company II (NASDAQ:TWLV) shares dropped 0.1% on Tuesday . The company traded as low as $10.07 and last traded at $10.0580. 671 shares traded hands during trading, a decline of 98% from the average daily volume of 26,869 shares. The stock had previously closed at $10.07.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Twelve Seas Investment Company II has a consensus rating of “Sell”.

Twelve Seas Investment Company II Price Performance

The stock has a fifty day moving average of $10.04 and a 200 day moving average of $9.97. The stock has a market cap of $236.37 million and a price-to-earnings ratio of 84.04.

Twelve Seas Investment Company II (NASDAQ:TWLV) last issued its quarterly earnings results on Monday, August 17th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Twelve Seas Investment Company II

A hedge fund recently bought a new stake in Twelve Seas Investment Company II stock. BlueCrest Capital Management Ltd bought a new position in shares of Twelve Seas Investment Company II (NASDAQ:TWLV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 400,000 shares of the company’s stock, valued at approximately $3,996,000. BlueCrest Capital Management Ltd owned about 1.71% of Twelve Seas Investment Company II at the end of the most recent reporting period. Institutional investors and hedge funds own 7.89% of the company’s stock.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.