Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Stock Price Down 1.3% – Time to Sell?

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) shares were down 1.3% on Tuesday . The company traded as low as $10.66 and last traded at $10.66. Approximately 525 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 38,545 shares. The stock had previously closed at $10.80.

Hennessy Capital Investment Corp. VI Stock Performance

The company has a market capitalization of $156.66 million, a P/E ratio of -10.00 and a beta of 0.06. The firm’s fifty day moving average is $10.80 and its 200-day moving average is $10.66.

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.12) EPS for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Hennessy Capital Investment Corp. VI during the 4th quarter worth approximately $910,000. Berkley W R Corp acquired a new stake in Hennessy Capital Investment Corp. VI in the fourth quarter valued at $1,076,000. Toronto Dominion Bank bought a new position in Hennessy Capital Investment Corp. VI during the 4th quarter worth $2,516,000. Finally, Mizuho Securities USA LLC acquired a new position in Hennessy Capital Investment Corp. VI during the 4th quarter worth about $3,102,000. Institutional investors and hedge funds own 59.54% of the company’s stock.

About Hennessy Capital Investment Corp. VI

Hennessy Capital Investment Corp. VI 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 industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.