Gesher Acquisition Corp. II (NASDAQ:GSHR) Issues Earnings Results

Gesher Acquisition Corp. II (NASDAQ:GSHR) released its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Gesher Acquisition Corp. II Stock Performance

Shares of NASDAQ:GSHR remained flat at $10.65 on Friday. 10,118 shares of the stock traded hands, compared to its average volume of 49,885. The company has a fifty day moving average of $10.59 and a 200 day moving average of $10.46. Gesher Acquisition Corp. II has a 52 week low of $10.23 and a 52 week high of $10.65.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

Hedge funds have recently made changes to their positions in the company. Wealthspring Capital LLC bought a new position in Gesher Acquisition Corp. II in the third quarter valued at about $1,581,000. Sona Asset Management US LLC bought a new stake in Gesher Acquisition Corp. II during the 1st quarter worth about $1,810,000. Periscope Capital Inc. bought a new stake in Gesher Acquisition Corp. II during the 3rd quarter worth about $3,437,000. Finally, First Trust Capital Management L.P. bought a new stake in Gesher Acquisition Corp. II during the 3rd quarter worth about $5,099,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Gesher Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Gesher Acquisition Corp. II does not offer products or services of its own. Its activity centers on identifying and completing a transaction with a private business. Until it completes a business combination, the company’s operations and geographic reach depend on any future target it selects.