UY Scuti Acquisition (NASDAQ:UYSC) Announces Quarterly Earnings Results

UY Scuti Acquisition (NASDAQ:UYSC) announced its quarterly earnings data on Friday. The company reported $0.10 earnings per share (EPS) for the quarter, FiscalAI reports.

UY Scuti Acquisition Price Performance

UYSC traded down $0.00 during trading on Friday, reaching $11.04. 308 shares of the company were exchanged. UY Scuti Acquisition has a 52 week low of $10.19 and a 52 week high of $11.75. The firm has a 50 day moving average of $10.97 and a 200 day moving average of $10.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of UY Scuti Acquisition in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On UY Scuti Acquisition

An institutional investor recently bought a new stake in UY Scuti Acquisition stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in UY Scuti Acquisition Corp. (NASDAQ:UYSC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,800 shares of the company’s stock, valued at approximately $636,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.87% of UY Scuti Acquisition at the end of the most recent quarter.

About UY Scuti Acquisition

UY Scuti Acquisition Corp. (NASDAQ: UYSC) is a special purpose acquisition company, commonly known as a blank-check company. It was established to raise capital and pursue a business combination with an operating company. Unlike an operating business, UY Scuti Acquisition does not have an established portfolio of products or services, manufacturing activities, or customer operations. Its principal activities consist of evaluating potential merger, acquisition, or similar transactions and completing a business combination if a suitable target is identified.