Flag Ship Acquisition (NASDAQ:FSHP) Trading Up 0.4% – Here’s Why

Flag Ship Acquisition Corporation (NASDAQ:FSHP) rose 0.4% during trading on Friday . The company traded as high as $11.44 and last traded at $11.2450. 357 shares traded hands during trading, an increase of 13% from the average daily volume of 315 shares. The stock had previously closed at $11.20.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Flag Ship Acquisition Stock Performance

The stock has a 50 day moving average price of $11.08 and a 200-day moving average price of $10.94.

Flag Ship Acquisition (NASDAQ:FSHP) last released its earnings results on Friday, May 29th. The company reported $0.05 earnings per share for the quarter.

Institutional Trading of Flag Ship Acquisition

A number of institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new position in shares of Flag Ship Acquisition in the fourth quarter worth approximately $37,000. Clear Street Group Inc. purchased a new position in shares of Flag Ship Acquisition in the third quarter worth $77,000. Finally, Berkley W R Corp raised its holdings in Flag Ship Acquisition by 8.4% during the 1st quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock valued at $4,748,000 after buying an additional 33,482 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.