Alpha Capital Acquisition (NASDAQ:ASPC) Stock Price Down 0.5% – Should You Sell?

Alpha Capital Acquisition (NASDAQ:ASPC) traded down 0.5% on Monday. The stock traded as low as $10.70 and last traded at $10.86. 887 shares traded hands during trading, a decline of 97% from the average daily volume of 34,309 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Alpha Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Alpha Capital Acquisition currently has a consensus rating of “Sell”.

Alpha Capital Acquisition Stock Performance

The company’s 50-day moving average price is $10.89 and its 200 day moving average price is $10.96.

Alpha Capital Acquisition (NASDAQ:ASPC) last issued its earnings results on Wednesday, August 12th. The company reported $0.08 earnings per share for the quarter. On average, analysts anticipate that Alpha Capital Acquisition will post -0.27 earnings per share for the current fiscal year.

About Alpha Capital Acquisition

Alpha Capital Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, stock exchange, asset acquisition, reorganization or similar business combination with an operating company. As a blank-check company, it did not have significant operating activities, products or services of its own before completing a business combination.

The company focused on opportunities in the technology, media and telecommunications sectors, with particular interest in businesses serving Latin American markets.