Flag Ship Acquisition (NASDAQ:FSHP) Trading 0.1% Higher – Should You Buy?

Flag Ship Acquisition Corporation (NASDAQ:FSHP)’s share price was up 0.1% on Tuesday . The company traded as high as $10.83 and last traded at $10.8410. Approximately 54,901 shares were traded during trading, an increase of 913% from the average daily volume of 5,418 shares. The stock had previously closed at $10.83.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Flag Ship Acquisition in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Flag Ship Acquisition Stock Performance

The company has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.70.

Hedge Funds Weigh In On Flag Ship Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSHP. Toronto Dominion Bank acquired a new stake in Flag Ship Acquisition in the fourth quarter valued at approximately $37,000. Clear Street Group Inc. bought a new position in shares of Flag Ship Acquisition in the 3rd quarter valued at $77,000. Crossingbridge Advisors LLC acquired a new stake in shares of Flag Ship Acquisition during the 3rd quarter valued at $1,415,000. Finally, Berkley W R Corp grew its position in Flag Ship Acquisition by 2.0% during the 2nd 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 during the last quarter.

About Flag Ship Acquisition

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.