ITHAX Acquisition Corp III (NASDAQ:ITHA) Posts Earnings Results

ITHAX Acquisition Corp III (NASDAQ:ITHA) posted its quarterly earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

ITHAX Acquisition Corp III Price Performance

ITHA traded up $0.03 during trading on Friday, reaching $10.12. 5,160 shares of the stock traded hands, compared to its average volume of 81,101. The stock’s 50-day simple moving average is $10.08 and its two-hundred day simple moving average is $9.99. ITHAX Acquisition Corp III has a fifty-two week low of $9.85 and a fifty-two week high of $10.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of ITHAX Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On ITHAX Acquisition Corp III

A hedge fund recently bought a new stake in ITHAX Acquisition Corp III stock. BlueCrest Capital Management Ltd purchased a new stake in ITHAX Acquisition Corp III (NASDAQ:ITHA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 650,000 shares of the company’s stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned approximately 2.44% of ITHAX Acquisition Corp III as of its most recent filing with the SEC.

About ITHAX Acquisition Corp III

ITHAX Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Like other SPACs, it does not have significant operating activities of its own while it searches for a suitable transaction. Before completing a business combination, the company’s business is focused on identifying and evaluating potential opportunities and negotiating a transaction. No completed combination or specific operating business is identified here.