Black Hawk Acquisition (NASDAQ:BKHA) Trading Down 0.4% – Time to Sell?

Black Hawk Acquisition Corporation (NASDAQ:BKHA) shares traded down 0.4% on Monday . The company traded as low as $11.83 and last traded at $11.8280. 6,507 shares changed 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Black Hawk Acquisition currently has a consensus rating of “Sell”.

Black Hawk Acquisition Stock Down 0.4%

The business has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $11.54.

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

Institutional Inflows and Outflows

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

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.