Emmis Acquisition (NASDAQ:EMIS) Stock Price Down 0.1% – Should You Sell?

Emmis Acquisition Corp. (NASDAQ:EMIS) dropped 0.1% during trading on Friday . The company traded as low as $10.18 and last traded at $10.17. 15,575 shares changed hands during mid-day trading, The stock had previously closed at $10.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Emmis Acquisition in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Emmis Acquisition Stock Down 0.1%

The business’s fifty day moving average is $10.13.

Institutional Investors Weigh In On Emmis Acquisition

Several institutional investors have recently added to or reduced their stakes in EMIS. Berkley W R Corp boosted its position in Emmis Acquisition by 4.2% during the first quarter. Berkley W R Corp now owns 309,478 shares of the company’s stock worth $3,110,000 after purchasing an additional 12,430 shares during the period. Virtu Financial LLC bought a new stake in shares of Emmis Acquisition in the fourth quarter valued at approximately $178,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Emmis Acquisition during the 4th quarter valued at approximately $249,000. ABC Arbitrage SA bought a new position in Emmis Acquisition in the 4th quarter worth approximately $398,000. Finally, Boothbay Fund Management LLC purchased a new position in Emmis Acquisition in the 4th quarter valued at approximately $418,000.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.