Paloma Acquisition Corp I (NASDAQ:PALO) Issues Earnings Results

Paloma Acquisition Corp I (NASDAQ:PALO) released its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Paloma Acquisition Corp I Trading Up 0.0%

NASDAQ:PALO traded up $0.01 during midday trading on Friday, reaching $10.03. The company had a trading volume of 19 shares, compared to its average volume of 7,123. The stock’s fifty day simple moving average is $10.00 and its 200-day simple moving average is $9.95. Paloma Acquisition Corp I has a 12-month low of $9.84 and a 12-month high of $10.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Paloma Acquisition Corp I currently has an average rating of “Sell”.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I was a special purpose acquisition company (SPAC), formed to pursue a business combination such as a merger, share exchange, asset acquisition or similar transaction with one or more businesses. As a SPAC, it did not have an established operating business or offer its own products or services. Its role was to identify and complete a transaction with a separate company. Publicly available information does not establish a specific operating sector, geographic market or leadership profile for the company.