YHN Acquisition I (NASDAQ:YHNA) Stock Price Up 0.9% – Still a Buy?

YHN Acquisition I Limited (NASDAQ:YHNA)’s stock price rose 0.9% on Friday . The stock traded as high as $10.86 and last traded at $10.96. 405 shares traded hands during trading, an increase of 80% from the average daily volume of 226 shares. The stock had previously closed at $10.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of YHN Acquisition I in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, YHN Acquisition I currently has an average rating of “Sell”.

YHN Acquisition I Stock Up 0.9%

The firm’s 50 day moving average price is $10.85 and its 200-day moving average price is $10.78.

YHN Acquisition I (NASDAQ:YHNA) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of YHN Acquisition I

An institutional investor recently bought a new position in YHN Acquisition I stock. JPMorgan Chase & Co. purchased a new position in YHN Acquisition I Limited (NASDAQ:YHNA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 344,106 shares of the company’s stock, valued at approximately $3,599,000. JPMorgan Chase & Co. owned about 4.31% of YHN Acquisition I at the end of the most recent reporting period.

About YHN Acquisition I

YH Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker YHNA. As a blank‐check vehicle, the company was formed to effect one or more business combinations, mergers, share exchanges or similar transactions with one or more operating businesses or assets. It does not have operations of its own and holds its proceeds in a trust account until completion of a qualifying transaction.

The firm’s sponsor, YH Capital Partners, brings experience in growth capital and private equity investing across technology, consumer, and industrial sectors.