Black Hawk Acquisition (NASDAQ:BKHA) Shares Down 0.4% – Here’s Why

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s stock price fell 0.4% during trading on Monday . The stock traded as low as $11.83 and last traded at $11.8280. 6,507 shares traded hands during mid-day trading, an increase of 817% from the average session volume of 709 shares. The stock had previously closed at $11.88.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Black Hawk Acquisition Price Performance

The company’s 50-day moving average is $11.67 and its 200 day moving average is $11.55.

Black Hawk Acquisition (NASDAQ:BKHA) last issued its quarterly earnings results on Monday, April 20th. The company reported $0.03 EPS for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BKHA. Quarry LP acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $112,000. Clear Street Group Inc. acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $588,000. Crossingbridge Advisors LLC acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $588,000. Finally, Meteora Capital LLC acquired a new position in Black Hawk Acquisition in the 3rd quarter valued at approximately $1,111,000.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.