Benchmark Upgrades Maywood Acquisition (NASDAQ:IPEX) to Moderate Buy

Maywood Acquisition (NASDAQ:IPEX) was upgraded by research analysts at Benchmark to a “moderate buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings raised shares of Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Maywood Acquisition presently has an average rating of “Hold”.

Maywood Acquisition Stock Performance

Shares of NASDAQ IPEX opened at $10.54 on Wednesday. Maywood Acquisition has a 1-year low of $10.08 and a 1-year high of $10.55. The firm’s 50-day moving average price is $10.50.

Maywood Acquisition (NASDAQ:IPEX) last released its earnings results on Friday, May 15th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Maywood Acquisition in the fourth quarter worth about $519,000. Meteora Capital LLC bought a new stake in shares of Maywood Acquisition in the 4th quarter valued at about $1,140,000. Radcliffe Capital Management L.P. purchased a new stake in Maywood Acquisition during the 4th quarter valued at about $1,152,000. Finally, Magnetar Financial LLC purchased a new stake in Maywood Acquisition during the 4th quarter valued at about $2,565,000.

Maywood Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.