Range Capital Acquisition Corp II (NASDAQ:RNGT) Issues Quarterly Earnings Results

Range Capital Acquisition Corp II (NASDAQ:RNGT) posted its quarterly earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Range Capital Acquisition Corp II Trading Up 0.2%

Range Capital Acquisition Corp II stock traded up $0.02 during midday trading on Friday, hitting $10.24. 263 shares of the stock were exchanged, compared to its average volume of 47,384. The stock’s 50-day moving average price is $10.19. Range Capital Acquisition Corp II has a fifty-two week low of $9.90 and a fifty-two week high of $10.22.

Hedge Funds Weigh In On Range Capital Acquisition Corp II

Several large investors have recently made changes to their positions in the stock. Periscope Capital Inc. acquired a new stake in Range Capital Acquisition Corp II in the 3rd quarter valued at about $2,293,000. Wealthspring Capital LLC acquired a new position in shares of Range Capital Acquisition Corp II during the 3rd quarter worth about $3,658,000. Harraden Circle Investments LLC boosted its position in shares of Range Capital Acquisition Corp II by 40.2% during the 2nd quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock worth $179,000 after acquiring an additional 150,651 shares in the last quarter. Lineage Point Capital LP increased its holdings in shares of Range Capital Acquisition Corp II by 200.0% in the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after acquiring an additional 490,000 shares during the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Range Capital Acquisition Corp II in the 1st quarter valued at about $3,995,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research report on Friday, October 30th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Range Capital Acquisition Corp II presently has an average rating of “Sell”.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination with an operating company. As a SPAC, it does not have an established portfolio of products or services of its own. Its business is to identify a suitable company and complete a transaction that would bring that business into the public markets. Further details about its target industries, geographic focus and leadership are not included here because reliable information about those specifics is not available.