DT Cloud Star Acquisition (NASDAQ:DTSQ) Shares Up 3.5% – Time to Buy?

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ)’s share price was up 3.5% during mid-day trading on Thursday. The company traded as high as $11.55 and last traded at $11.95. 9,594 shares changed hands during mid-day trading, an increase of 131% from the average session volume of 4,159 shares. The stock had previously closed at $11.55.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of DT Cloud Star Acquisition in a research report on Friday, October 9th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, DT Cloud Star Acquisition presently has an average rating of “Hold”.

DT Cloud Star Acquisition Trading Down 0.2%

The business has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $11.25.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.05 earnings per share for the quarter.

DT Cloud Star Acquisition Company Profile

DT Cloud Star Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company was formed to identify and complete a business combination with one or more operating companies through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

Unlike an operating company, DT Cloud Star Acquisition Corp. does not have an established portfolio of products or services and does not conduct significant commercial operations of its own.