RF Acquisition Corp II (NASDAQ:RFAI) Issues Quarterly Earnings Results

RF Acquisition Corp II (NASDAQ:RFAI) announced its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

RF Acquisition Corp II Stock Down 0.3%

Shares of RFAI opened at $11.06 on Friday. The stock has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $10.96. RF Acquisition Corp II has a 1 year low of $10.58 and a 1 year high of $11.44.

Institutional Investors Weigh In On RF Acquisition Corp II

A number of hedge funds have recently made changes to their positions in the business. Shaolin Capital Management LLC purchased a new stake in shares of RF Acquisition Corp II in the 3rd quarter valued at $940,000. Susquehanna International Group LLP purchased a new position in RF Acquisition Corp II in the 3rd quarter worth $132,000. Finally, Clear Street Group Inc. raised its position in RF Acquisition Corp II by 4,466.7% in the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after purchasing an additional 8,978 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

RF Acquisition Corp II Company Profile

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.