Apogee Acquisition (NASDAQ:AACP) Issues Earnings Results

Apogee Acquisition (NASDAQ:AACP) released its quarterly earnings data on Friday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports.

Apogee Acquisition Price Performance

Shares of NASDAQ AACP traded up $0.04 during midday trading on Friday, reaching $10.15. 8,310 shares of the stock were exchanged, compared to its average volume of 27,100. The firm has a 50 day moving average of $10.09. Apogee Acquisition has a twelve month low of $9.93 and a twelve month high of $10.12.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Apogee Acquisition in a research note on Tuesday, August 25th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Apogee Acquisition presently has a consensus rating of “Sell”.

About Apogee Acquisition

Apogee Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a business combination with one or more companies. Its stated transaction options include a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination. Unlike an operating company, Apogee does not have its own line of products or services. Its principal activity is identifying and completing a transaction with a business. Further details about its operating activities, geographic reach and leadership are not included here because they could not be confirmed.