Apex Technology Acquisition (NASDAQ:APXT) Upgraded by Wall Street Zen to Hold Rating

Apex Technology Acquisition (NASDAQ:APXT) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings assumed coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Apex Technology Acquisition currently has an average rating of “Sell”.

Apex Technology Acquisition Stock Performance

Apex Technology Acquisition stock opened at $10.06 on Friday. Apex Technology Acquisition has a one year low of $9.87 and a one year high of $10.06. The company has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $9.96.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition during the first quarter valued at approximately $199,000. Bulldog Investors LLP acquired a new stake in Apex Technology Acquisition in the fourth quarter worth approximately $425,000. Gritstone Asset Management LLC acquired a new stake in Apex Technology Acquisition in the fourth quarter worth approximately $494,000. Schonfeld Strategic Advisors LLC bought a new position in Apex Technology Acquisition during the 4th quarter valued at $494,000. Finally, Sculptor Capital LP bought a new position in Apex Technology Acquisition during the 4th quarter valued at $522,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.