Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.4% – Time to Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s stock price rose 0.4% on Thursday . The company traded as high as $12.01 and last traded at $12.01. 3,763 shares changed hands during trading, an increase of 402% from the average daily volume of 749 shares. The stock had previously closed at $11.96.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Black Hawk Acquisition presently has an average rating of “Sell”.

Black Hawk Acquisition Stock Up 0.4%

The business’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.82.

Black Hawk Acquisition (NASDAQ:BKHA) last released its quarterly earnings results on Wednesday, July 15th. The company reported $0.02 EPS for the quarter.

Hedge Funds Weigh In On Black Hawk Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new position in shares of Black Hawk Acquisition during the 3rd quarter valued at approximately $112,000. Clear Street Group Inc. raised its holdings in Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after buying an additional 6,158 shares during the period. Finally, Meteora Capital LLC purchased a new stake in Black Hawk Acquisition during the 3rd quarter valued at $1,111,000.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.