Alpha Capital Acquisition (NASDAQ:ASPC) Releases Quarterly Earnings Results

Alpha Capital Acquisition (NASDAQ:ASPC) released its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Alpha Capital Acquisition Trading Down 1.8%

ASPC stock traded down $0.19 during mid-day trading on Friday, hitting $10.26. 562 shares of the stock were exchanged, compared to its average volume of 32,553. The business has a fifty day moving average price of $10.78 and a 200 day moving average price of $11.23. Alpha Capital Acquisition has a 12 month low of $10.26 and a 12 month high of $63.98.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Alpha Capital Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Alpha Capital Acquisition

Alpha Capital Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business. Rather than selling products or services of its own, the company raised capital through an initial public offering and placed those funds in trust while searching for a merger, acquisition or similar business combination.

The company focused its search on technology-oriented businesses, including companies operating in sectors such as software, financial technology, media, telecommunications and related industries.