Pyrophyte Acquisition Corp. II (NYSE:PAII) Announces Quarterly Earnings Results

Pyrophyte Acquisition Corp. II (NYSE:PAII) posted its earnings results on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Pyrophyte Acquisition Corp. II Stock Performance

Pyrophyte Acquisition Corp. II stock remained flat at $10.15 during trading hours on Friday. Pyrophyte Acquisition Corp. II has a twelve month low of $9.92 and a twelve month high of $10.22. The business has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $10.09.

Institutional Trading of Pyrophyte Acquisition Corp. II

Several large investors have recently bought and sold shares of PAII. Two Sigma Investments LP acquired a new stake in Pyrophyte Acquisition Corp. II in the third quarter valued at $6,816,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Pyrophyte Acquisition Corp. II during the third quarter valued at $726,000. First Trust Capital Management L.P. acquired a new stake in shares of Pyrophyte Acquisition Corp. II during the third quarter valued at $2,490,000. Wolverine Asset Management LLC acquired a new stake in shares of Pyrophyte Acquisition Corp. II during the fourth quarter valued at $88,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Pyrophyte Acquisition Corp. II during the fourth quarter valued at $252,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Pyrophyte Acquisition Corp. II currently has a consensus rating of “Sell”.

About Pyrophyte Acquisition Corp. II

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.