Apex Technology Acquisition (NASDAQ:APXT) Reaches New 1-Year High – Should You Buy?

Apex Technology Acquisition Co. (NASDAQ:APXT) hit a new 52-week high during trading on Friday . The company traded as high as $10.01 and last traded at $10.01, with a volume of 1971 shares. The stock had previously closed at $10.01.

Apex Technology Acquisition Stock Performance

The business’s fifty day moving average price is $9.97 and its 200 day moving average price is $10.36.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Hedge Funds Weigh In On Apex Technology Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. ABC Arbitrage SA acquired a new position in Apex Technology Acquisition during the first quarter worth approximately $199,000. Bulldog Investors LLP acquired a new position in Apex Technology Acquisition during the fourth quarter worth approximately $425,000. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth approximately $494,000. Schonfeld Strategic Advisors LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth approximately $494,000. Finally, Sculptor Capital LP acquired a new position in Apex Technology Acquisition during the fourth quarter worth approximately $522,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Apex Technology Acquisition Company Profile

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.