Evolution Global Acquisition (NASDAQ:EVOX) Releases Quarterly Earnings Results

Evolution Global Acquisition (NASDAQ:EVOX) released its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Evolution Global Acquisition Trading Up 0.1%

EVOX stock traded up $0.01 during trading on Friday, reaching $10.16. 415 shares of the company’s stock were exchanged, compared to its average volume of 68,764. Evolution Global Acquisition has a 1-year low of $9.86 and a 1-year high of $10.16. The company’s fifty day moving average price is $10.13 and its 200-day moving average price is $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Evolution Global Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Trust Capital Management L.P. acquired a new stake in Evolution Global Acquisition in the third quarter worth about $5,605,000. Sona Asset Management US LLC acquired a new position in Evolution Global Acquisition during the 1st quarter valued at about $4,996,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Evolution Global Acquisition during the 1st quarter worth about $3,992,000. Whitebox Advisors LLC bought a new stake in shares of Evolution Global Acquisition during the 1st quarter worth about $2,988,000. Finally, Wealthspring Capital LLC bought a new stake in shares of Evolution Global Acquisition during the 3rd quarter worth about $2,634,000.

Evolution Global Acquisition Company Profile

Evolution Global Acquisition Corp. (NASDAQ: EVOX) was a special purpose acquisition company, or SPAC, formed to pursue a business combination with an operating company. Its potential transactions could include a merger, share exchange, asset acquisition or similar combination. As a SPAC, Evolution Global did not have an established operating business or its own line of products and services. Its intended role was to identify a target company and, if a transaction was completed, provide a public-market listing through the combination.