Shares of Tavia Acquisition Corp. (NASDAQ:TAVI – Get Free Report) were down 0.2% during trading on Tuesday. The stock traded as low as $10.85 and last traded at $10.85. Approximately 36,232 shares traded hands during mid-day trading, an increase of 821% from the average daily volume of 3,935 shares. The stock had previously closed at $10.87.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on Tavia Acquisition
Tavia Acquisition Stock Down 0.1%
The company has a 50 day moving average of $10.80 and a 200 day moving average of $10.67.
Tavia Acquisition (NASDAQ:TAVI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter.
Hedge Funds Weigh In On Tavia Acquisition
An institutional investor recently bought a new position in Tavia Acquisition stock. Sona Asset Management US LLC acquired a new position in Tavia Acquisition Corp. (NASDAQ:TAVI – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,056,000. Sona Asset Management US LLC owned 0.87% of Tavia Acquisition as of its most recent filing with the Securities & Exchange Commission.
About Tavia Acquisition
Tavia Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. The company does not have significant ongoing commercial operations of its own and was established to raise capital through a public offering for the purpose of pursuing a merger, share exchange, asset acquisition, or similar transaction. Like other SPACs, Tavia Acquisition typically places funds raised from investors into a trust account while its management team searches for a suitable acquisition target.
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