Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Issues Quarterly Earnings Results

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) issued its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Columbus Acquisition Corp/Cayman Islands Trading Up 1.4%

Shares of COLA traded up $0.15 during mid-day trading on Friday, hitting $11.11. 146,270 shares of the company’s stock were exchanged, compared to its average volume of 32,129. The stock has a 50-day moving average of $10.56. Columbus Acquisition Corp/Cayman Islands has a 52 week low of $10.08 and a 52 week high of $11.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, January 26th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

A number of institutional investors have recently modified their holdings of the stock. HRT Financial LP acquired a new position in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $172,000. Clear Street Group Inc. raised its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after buying an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $1,039,000. Rivernorth Capital Management LLC increased its stake in Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after acquiring an additional 102,256 shares during the last quarter. Finally, Meteora Capital LLC acquired a new position in Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.