Lake Superior Acquisition (NASDAQ:LKSP – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.
Lake Superior Acquisition Stock Performance
LKSP remained flat at $10.19 during midday trading on Friday. The company’s stock had a trading volume of 50,026 shares, compared to its average volume of 37,878. The stock has a 50-day moving average of $10.16. Lake Superior Acquisition has a 1-year low of $9.89 and a 1-year high of $10.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LKSP. AQR Arbitrage LLC purchased a new position in Lake Superior Acquisition during the 4th quarter valued at about $5,414,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Lake Superior Acquisition in the fourth quarter valued at $4,970,000. Aristeia Capital L.L.C. purchased a new position in Lake Superior Acquisition during the 4th quarter valued at $4,166,000. Polar Asset Management Partners Inc. bought a new position in Lake Superior Acquisition in the fourth quarter worth about $4,171,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Lake Superior Acquisition in the 4th quarter valued at approximately $4,175,000.
Lake Superior Acquisition Company Profile
Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.
The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.
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