Rising Dragon Acquisition (NASDAQ:RDAC) Announces Earnings Results

Rising Dragon Acquisition (NASDAQ:RDAC) posted its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Rising Dragon Acquisition Trading Up 0.6%

Shares of NASDAQ:RDAC traded up $0.07 during trading on Friday, reaching $11.22. The stock had a trading volume of 1,668 shares, compared to its average volume of 353,077. The firm’s fifty day moving average is $6.30 and its 200 day moving average is $6.35. Rising Dragon Acquisition has a 52 week low of $4.13 and a 52 week high of $23.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rising Dragon Acquisition in a report on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Rising Dragon Acquisition Company Profile

Rising Dragon Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the symbol RDAC. The company was formed to identify and complete a business combination with one or more operating businesses. Unlike an operating company, Rising Dragon Acquisition Corp. does not have an established portfolio of products or commercial services. Its principal activities generally involve evaluating potential merger, acquisition, share exchange, asset purchase, or similar transactions that could result in the combined company becoming a publicly traded business.