Flag Ship Acquisition Corporation (NASDAQ:FSHP – Get Free Report)’s stock price shot up 0.3% on Monday . The company traded as high as $11.23 and last traded at $11.2250. Approximately 85,011 shares were traded during mid-day trading, an increase of 449,694% from the average session volume of 19 shares. The stock had previously closed at $11.19.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Flag Ship Acquisition presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Flag Ship Acquisition
Flag Ship Acquisition Price Performance
Flag Ship Acquisition (NASDAQ:FSHP – Get Free Report) last posted its quarterly earnings results on Friday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Flag Ship Acquisition
An institutional investor recently raised its position in Flag Ship Acquisition stock. Berkley W R Corp increased its stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP – Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,420 shares of the company’s stock after acquiring an additional 33,482 shares during the quarter. Berkley W R Corp owned approximately 8.64% of Flag Ship Acquisition worth $4,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
About Flag Ship Acquisition
Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.
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