IG Acquisition (NASDAQ:IGAC – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.
IG Acquisition Stock Performance
Shares of NASDAQ:IGAC traded up $0.03 during trading on Friday, reaching $10.00. The stock had a trading volume of 100 shares, compared to its average volume of 33,710. IG Acquisition has a 52 week low of $9.82 and a 52 week high of $9.99. The business’s 50-day moving average price is $9.94 and its 200 day moving average price is $9.98.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings started coverage on shares of IG Acquisition in a research note on Wednesday, April 8th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, IG Acquisition has an average rating of “Sell”.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of IGAC. TrueMark Investments LLC bought a new position in shares of IG Acquisition in the first quarter valued at approximately $142,000. Meteora Capital LLC bought a new position in shares of IG Acquisition in the fourth quarter valued at approximately $300,000. ABC Arbitrage SA bought a new position in shares of IG Acquisition in the first quarter valued at approximately $396,000. Virtu Financial LLC bought a new position in shares of IG Acquisition in the fourth quarter valued at approximately $402,000. Finally, Governors Lane LP bought a new position in shares of IG Acquisition in the fourth quarter valued at approximately $492,000. Institutional investors own 38.82% of the company’s stock.
About IG Acquisition
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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