Helix Acquisition Corp. III (NASDAQ:HLXC) Issues Earnings Results

Helix Acquisition Corp. III (NASDAQ:HLXC) issued its earnings results on Friday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Helix Acquisition Corp. III Price Performance

HLXC traded up $0.04 on Friday, reaching $10.32. The stock had a trading volume of 1,426 shares, compared to its average volume of 51,107. Helix Acquisition Corp. III has a fifty-two week low of $10.11 and a fifty-two week high of $11.23. The firm has a 50-day moving average of $10.47 and a 200-day moving average of $10.39.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Helix Acquisition Corp. III does not offer products or services of its own. Its principal activity is seeking and evaluating a potential business combination; the company’s future operations would depend on the business it ultimately joins with.