Cambridge Acquisition (NASDAQ:CAQUU) Rating Increased to Hold at Wall Street Zen

Cambridge Acquisition (NASDAQ:CAQUU) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report issued on Tuesday.

Cambridge Acquisition Price Performance

CAQUU traded down $0.04 during midday trading on Tuesday, reaching $9.93. 82,131 shares of the company were exchanged, compared to its average volume of 299,089. Cambridge Acquisition has a one year low of $9.91 and a one year high of $10.01.

Cambridge Acquisition Company Profile

Cambridge Acquisition (Nasdaq: CAQUU) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that was formed to raise capital through a public offering and use the proceeds to effect a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more operating businesses. As with other SPACs, Cambridge Acquisition itself does not operate an ongoing commercial business; its primary activity is identifying, evaluating and completing a business combination that will result in an operating company becoming a publicly listed entity.

The units trading under the CAQUU ticker typically consist of shares of common stock and warrants or fractional warrants, which is a standard SPAC capital structure designed to provide initial capital and potential upside to public investors pending a business combination.