Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Raised to Hold at Wall Street Zen

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Price Performance

Shares of Columbus Acquisition Corp/Cayman Islands stock opened at $10.68 on Friday. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $10.14 and a 1 year high of $11.15. The company’s 50 day moving average is $10.73.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.01 EPS for the quarter.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Several institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at $172,000. L1 Global Manager Pty Ltd bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at about $1,039,000. Harraden Circle Investments LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $5,794,000. Clear Street Group Inc. increased its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after buying an additional 71,844 shares during the period. Finally, Meteora Capital LLC bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at about $4,632,000.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.