Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) Posts Earnings Results

Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) released its quarterly earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Hennessy Capital Investment Corp. VIII Trading Up 0.1%

Shares of NASDAQ HCIC traded up $0.01 during midday trading on Friday, hitting $10.02. The company’s stock had a trading volume of 131,412 shares, compared to its average volume of 33,844. Hennessy Capital Investment Corp. VIII has a 1 year low of $9.79 and a 1 year high of $10.04. The business’s fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Hennessy Capital Investment Corp. VIII in a research note on Wednesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VIII

A hedge fund recently bought a new stake in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP bought a new position in shares of Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned 0.17% of Hennessy Capital Investment Corp. VIII as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 74.67% of the company’s stock.

About Hennessy Capital Investment Corp. VIII

Hennessy Capital Investment Corp. VIII is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It does not have significant operating activities of its own. The company is sponsored by an affiliate of Hennessy Capital Group, an investment firm that has sponsored other SPACs. Its search is focused on identifying a business to combine with, rather than developing or selling products and services directly.