Range Capital Acquisition (NASDAQ:RANG) Trading 0.1% Higher – Time to Buy?

Range Capital Acquisition Corp. (NASDAQ:RANG)’s share price was up 0.1% during mid-day trading on Monday . The company traded as high as $10.69 and last traded at $10.6980. 2,628 shares changed hands during trading, an increase of 13% from the average session volume of 2,322 shares. The stock had previously closed at $10.69.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Range Capital Acquisition in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Range Capital Acquisition Stock Performance

The company’s fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $10.54.

Range Capital Acquisition (NASDAQ:RANG) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Clear Street Group Inc. acquired a new position in Range Capital Acquisition during the 3rd quarter valued at about $72,000. Glazer Capital LLC purchased a new stake in shares of Range Capital Acquisition in the fourth quarter worth approximately $104,000. Jane Street Group LLC purchased a new stake in shares of Range Capital Acquisition in the second quarter worth approximately $112,000. Radcliffe Capital Management L.P. bought a new position in shares of Range Capital Acquisition in the second quarter valued at approximately $188,000. Finally, Virtu Financial LLC bought a new position in shares of Range Capital Acquisition in the fourth quarter valued at approximately $444,000.

Range Capital Acquisition Company Profile

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.