Apex Technology Acquisition (NASDAQ:APXT) Hits New 52-Week High – Here’s What Happened

Apex Technology Acquisition Co. (NASDAQ:APXTGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $10.03 and last traded at $10.03, with a volume of 20291 shares trading hands. The stock had previously closed at $10.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Apex Technology Acquisition in a research note on Tuesday. They set a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Get Our Latest Analysis on Apex Technology Acquisition

Apex Technology Acquisition Stock Performance

The business has a fifty day simple moving average of $9.98 and a 200 day simple moving average of $10.09.

Apex Technology Acquisition (NASDAQ:APXTGet Free Report) last released its earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Institutional Trading of Apex Technology Acquisition

Several large investors have recently added to or reduced their stakes in APXT. ABC Arbitrage SA acquired a new stake in Apex Technology Acquisition in the 1st quarter valued at approximately $199,000. Bulldog Investors LLP acquired a new position in shares of Apex Technology Acquisition during the 4th quarter valued at $425,000. Gritstone Asset Management LLC acquired a new position in shares of Apex Technology Acquisition during the 4th quarter valued at $494,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Apex Technology Acquisition during the 4th quarter valued at $494,000. Finally, Sculptor Capital LP acquired a new position in shares of Apex Technology Acquisition during the 4th quarter valued at $522,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Apex Technology Acquisition Company Profile

(Get Free Report)

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.

Further Reading

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