Range Capital Acquisition (NASDAQ:RANG) Shares Up 0.1% – Should You Buy?

Range Capital Acquisition Corp. (NASDAQ:RANG)’s stock price shot up 0.1% during mid-day trading on Monday . The company traded as high as $10.53 and last traded at $10.52. 38,554 shares changed hands during mid-day trading, an increase of 521% from the average session volume of 6,211 shares. The stock had previously closed at $10.51.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Range Capital Acquisition in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Range Capital Acquisition presently has an average rating of “Sell”.

Range Capital Acquisition Trading Up 0.1%

The business’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.45.

Range Capital Acquisition (NASDAQ:RANG) last posted its quarterly earnings results on Tuesday, March 24th. The company reported $0.06 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition

Large investors have recently modified their holdings of the business. Harraden Circle Investments LLC acquired a new stake in shares of Range Capital Acquisition in the 4th quarter valued at approximately $3,320,000. Whitebox Advisors LLC acquired a new position in Range Capital Acquisition during the second quarter worth $2,550,000. Governors Lane LP acquired a new position in Range Capital Acquisition during the fourth quarter worth $2,609,000. K2 Principal Fund L.P. purchased a new position in Range Capital Acquisition in the fourth quarter worth $1,231,000. Finally, Shaolin Capital Management LLC purchased a new position in Range Capital Acquisition in the third quarter worth $1,029,000.

About Range Capital Acquisition

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.