Flag Ship Acquisition (NASDAQ:FSHP) Shares Up 0.1% – Here’s What Happened

Flag Ship Acquisition Corporation (NASDAQ:FSHP)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $10.76 and last traded at $10.76. 101 shares were traded during trading, a decline of 74% from the average session volume of 384 shares. The stock had previously closed at $10.75.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Flag Ship Acquisition in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Flag Ship Acquisition presently has an average rating of “Sell”.

Flag Ship Acquisition Price Performance

The stock’s 50-day moving average is $10.72 and its 200 day moving average is $10.60.

Flag Ship Acquisition (NASDAQ:FSHP) last posted its earnings results on Friday, October 31st. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Flag Ship Acquisition

Large investors have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new stake in Flag Ship Acquisition during the 3rd quarter worth approximately $77,000. Crossingbridge Advisors LLC acquired a new position in shares of Flag Ship Acquisition in the third quarter valued at approximately $1,415,000. Wolverine Asset Management LLC boosted its holdings in shares of Flag Ship Acquisition by 1.3% in the second quarter. Wolverine Asset Management LLC now owns 494,117 shares of the company’s stock valued at $5,203,000 after buying an additional 6,558 shares during the period. Finally, Berkley W R Corp increased its position in shares of Flag Ship Acquisition by 2.0% during the second quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock worth $6,845,000 after acquiring an additional 12,885 shares in the last quarter.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.