GigInternational1 (NASDAQ:GIW) Issues Earnings Results

GigInternational1 (NASDAQ:GIW) released its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

GigInternational1 Stock Performance

GigInternational1 stock remained flat at $10.11 during trading hours on Friday. The company’s stock had a trading volume of 61,732 shares, compared to its average volume of 62,360. GigInternational1 has a 1 year low of $9.87 and a 1 year high of $10.12. The business has a 50 day moving average of $10.08 and a 200 day moving average of $10.03.

Hedge Funds Weigh In On GigInternational1

Several large investors have recently modified their holdings of GIW. Glazer Capital LLC acquired a new position in shares of GigInternational1 in the 4th quarter worth approximately $21,514,000. AQR Arbitrage LLC acquired a new position in shares of GigInternational1 in the 4th quarter valued at about $16,761,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of GigInternational1 in the 4th quarter valued at about $14,835,000. Berkley W R Corp bought a new stake in shares of GigInternational1 during the 4th quarter valued at about $12,753,000. Finally, Westchester Capital Management LLC acquired a new stake in GigInternational1 during the fourth quarter worth approximately $10,681,000. Institutional investors own 14.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GigInternational1 presently has a consensus rating of “Sell”.

About GigInternational1

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.