SC II Acquisition (NASDAQ:SCII) Announces Earnings Results

SC II Acquisition (NASDAQ:SCII) released its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

SC II Acquisition Price Performance

Shares of SC II Acquisition stock traded up $0.01 during trading hours on Friday, reaching $10.23. The company had a trading volume of 160,028 shares, compared to its average volume of 69,675. SC II Acquisition has a one year low of $9.90 and a one year high of $10.24. The business has a fifty day moving average price of $10.18.

Analysts Set New Price Targets

Separately, Weiss Ratings raised SC II Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of SC II Acquisition

A hedge fund recently bought a new stake in SC II Acquisition stock. Harraden Circle Investments LLC bought a new position in SC II Acquisition Corp. (NASDAQ:SCII) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,897,900 shares of the company’s stock, valued at approximately $29,066,000. SC II Acquisition accounts for approximately 2.9% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 6th biggest holding. Harraden Circle Investments LLC owned approximately 16.55% of SC II Acquisition as of its most recent filing with the SEC.

About SC II Acquisition

SC II Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a merger, business combination, or similar transaction with an existing business. The company does not operate a standalone business or offer products and services to customers. Its activities center on identifying and completing a potential business combination. Further reliable information about its target industry, geographic operations, or leadership is not available here.