DT Cloud Star Acquisition (NASDAQ:DTSQ) Stock Price Up 3.5% – Still a Buy?

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ)’s share price rose 3.5% during trading on Thursday. The company traded as high as $11.55 and last traded at $11.95. Approximately 9,594 shares changed hands during trading, an increase of 131% from the average daily volume of 4,159 shares. The stock had previously closed at $11.55.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of DT Cloud Star Acquisition in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, DT Cloud Star Acquisition currently has a consensus rating of “Hold”.

DT Cloud Star Acquisition Stock Performance

The business’s 50-day moving average price is $11.51 and its 200-day moving average price is $11.25.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.05 EPS for the quarter.

DT Cloud Star Acquisition Company Profile

DT Cloud Star Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company was formed to identify and complete a business combination with one or more operating companies through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

Unlike an operating company, DT Cloud Star Acquisition Corp. does not have an established portfolio of products or services and does not conduct significant commercial operations of its own.