RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) released its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports.
RF Acquisition Corp II Stock Performance
NASDAQ RFAI traded down $2.56 on Thursday, hitting $35.44. 2,320 shares of the stock were exchanged, compared to its average volume of 49,876. The business’s fifty day moving average is $34.83 and its 200 day moving average is $18.48. RF Acquisition Corp II has a 52 week low of $8.94 and a 52 week high of $73.00.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in RF Acquisition Corp II stock. First Trust Capital Management L.P. bought a new stake in RF Acquisition Corp II (NASDAQ:RFAI – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 176,704 shares of the company’s stock, valued at approximately $6,635,000. First Trust Capital Management L.P. owned 5.03% of RF Acquisition Corp II as of its most recent filing with the SEC.
Analysts Set New Price Targets
Several equities research analysts have commented on RFAI shares. Wall Street Zen raised shares of RF Acquisition Corp II to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on RF Acquisition Corp II
RF Acquisition Corp II Company Profile
RF Acquisition Corp II (NASDAQ: RFAI) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with one or more private companies through a merger, stock purchase, asset acquisition, reorganization or similar transaction. As a SPAC, RF Acquisition Corp II does not currently operate a traditional business and does not offer products or services to customers. Its activities are focused on identifying and evaluating potential acquisition targets and completing an initial business combination.
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