Data Knights Acquisition (NASDAQ:DKDCA) Shares Up 6.5% – Here’s What Happened

Data Knights Acquisition Corp. (NASDAQ:DKDCA)’s stock price traded up 6.5% during mid-day trading on Tuesday . The company traded as high as $1.36 and last traded at $1.31. 263,764 shares were traded during trading, an increase of 564% from the average session volume of 39,705 shares. The stock had previously closed at $1.23.

Data Knights Acquisition Trading Up 6.5%

The company has a market cap of $6.78 million, a PE ratio of -6.89 and a beta of 0.18. The firm’s fifty day moving average is $1.80 and its 200 day moving average is $1.14.

Data Knights Acquisition Company Profile

Data Knights Acquisition Corp is a special purpose acquisition company incorporated in Delaware in 2021 to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more target businesses. The company’s management team is focused on identifying enterprise technology and data-driven companies with a strong track record of growth and profitability. Since its initial public offering in 2021, Data Knights Acquisition has been actively evaluating potential acquisition targets across its focus sectors.

The company concentrates on opportunities in cybersecurity, data analytics, cloud infrastructure and software-as-a-service (SaaS) businesses.