FinServ Acquisition (OTCMKTS:FSRVU) Stock Price Up 7.9% – What’s Next?

Shares of FinServ Acquisition Corp. (OTCMKTS:FSRVU) were up 7.9% during mid-day trading on Friday . The company traded as high as $17.66 and last traded at $17.66. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,378 shares. The stock had previously closed at $16.37.

FinServ Acquisition Stock Performance

The company has a 50 day moving average price of $17.66 and a 200 day moving average price of $17.66.

FinServ Acquisition Company Profile

FinServ Acquisition Corporation is a Delaware-incorporated special purpose acquisition company (SPAC) formed to effect a business combination with one or more financial technology companies. Trading its units under the ticker FSRVU on the OTC Markets, the company was sponsored by a group of investment professionals with experience in fintech, capital markets and regulatory compliance. As a blank-check vehicle, FinServ Acquisition does not currently own any operating businesses and has not generated operating revenues.

The company’s primary objective is to identify, acquire and merge with a target in the financial services technology sector, including areas such as digital payments, lending platforms, blockchain applications and financial software solutions.