Shares of SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.86 and traded as low as $10.85. SIM Acquisition Corp. I shares last traded at $10.85, with a volume of 50 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of SIM Acquisition Corp. I from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on SIM Acquisition Corp. I
SIM Acquisition Corp. I Price Performance
The stock has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $10.86.
SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter.
Institutional Trading of SIM Acquisition Corp. I
Hedge funds have recently made changes to their positions in the business. Sona Asset Management US LLC bought a new stake in SIM Acquisition Corp. I in the 1st quarter valued at $1,072,000. DLD Asset Management LP bought a new position in shares of SIM Acquisition Corp. I in the first quarter valued at about $5,375,000. Finally, Berkley W R Corp lifted its stake in shares of SIM Acquisition Corp. I by 74.9% during the 1st quarter. Berkley W R Corp now owns 912,286 shares of the company’s stock worth $9,780,000 after buying an additional 390,768 shares during the last quarter.
About SIM Acquisition Corp. I
SIM Acquisition Corp. I is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol SIMA. The company was formed to identify and complete a business combination, such as a merger, stock exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, SIM Acquisition Corp. I does not have an established portfolio of products or services and does not conduct substantial commercial activities of its own. Its principal activities are evaluating potential acquisition targets, negotiating a transaction, and pursuing related corporate and regulatory requirements.
Publicly available information about the company’s specific acquisition focus, geographic markets, and leadership is limited.
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