Range Capital Acquisition (NASDAQ:RANG) Issues Earnings Results

Range Capital Acquisition (NASDAQ:RANG) issued its quarterly earnings data on Friday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Range Capital Acquisition Trading Up 0.0%

NASDAQ RANG traded up $0.01 during trading hours on Friday, reaching $10.96. 669 shares of the stock traded hands, compared to its average volume of 2,164. The stock has a 50 day simple moving average of $10.89 and a two-hundred day simple moving average of $10.68. Range Capital Acquisition has a 1 year low of $10.40 and a 1 year high of $11.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Range Capital Acquisition currently has an average rating of “Sell”.

Institutional Trading of Range Capital Acquisition

An institutional investor recently bought a new stake in Range Capital Acquisition stock. Sona Asset Management US LLC purchased a new stake in shares of Range Capital Acquisition Corp. (NASDAQ:RANG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 174,774 shares of the company’s stock, valued at approximately $1,839,000. Sona Asset Management US LLC owned approximately 1.25% of Range Capital Acquisition as of its most recent SEC filing.

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp. (NASDAQ:RANG) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Rather than conducting a traditional operating business, the company’s activities center on identifying a potential target and completing a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. As a blank-check company, Range Capital Acquisition does not have a portfolio of products or services of its own.