Keen Vision Acquisition (NASDAQ:KVAC) Trading 0.5% Higher – Here’s Why

Keen Vision Acquisition Corporation (NASDAQ:KVAC) shares were up 0.5% on Friday . The stock traded as high as $11.63 and last traded at $11.63. Approximately 500 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 618 shares. The stock had previously closed at $11.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Keen Vision Acquisition from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Keen Vision Acquisition Stock Up 0.5%

The firm has a fifty day moving average of $11.64 and a 200-day moving average of $11.50.

Keen Vision Acquisition (NASDAQ:KVAC) last released its earnings results on Wednesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Keen Vision Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meteora Capital LLC bought a new stake in shares of Keen Vision Acquisition during the 3rd quarter valued at $120,000. Clear Street Group Inc. acquired a new stake in shares of Keen Vision Acquisition during the third quarter worth $380,000. Crossingbridge Advisors LLC bought a new stake in Keen Vision Acquisition in the third quarter valued at about $755,000. Berkley W R Corp lifted its stake in Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after buying an additional 361,071 shares during the period. Finally, Westchester Capital Management LLC acquired a new position in Keen Vision Acquisition in the first quarter valued at about $787,000. 51.72% of the stock is owned by institutional investors.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.