Weiss Ratings Reaffirms “Sell (D)” Rating for Eureka Acquisition (NASDAQ:EURK)

Eureka Acquisition (NASDAQ:EURK)‘s stock had its “sell (d)” rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Eureka Acquisition Price Performance

Eureka Acquisition stock opened at $10.82 on Tuesday. Eureka Acquisition has a 1 year low of $10.06 and a 1 year high of $10.83. The firm has a 50-day moving average of $10.70 and a two-hundred day moving average of $10.53.

Hedge Funds Weigh In On Eureka Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of EURK. Clear Street LLC bought a new position in shares of Eureka Acquisition during the second quarter valued at approximately $2,283,000. Mizuho Securities USA LLC boosted its stake in shares of Eureka Acquisition by 36.1% during the first quarter. Mizuho Securities USA LLC now owns 523,100 shares of the company’s stock valued at $5,346,000 after purchasing an additional 138,622 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Eureka Acquisition during the first quarter valued at approximately $1,288,000. Quarry LP boosted its stake in shares of Eureka Acquisition by 125.0% during the first quarter. Quarry LP now owns 225,000 shares of the company’s stock valued at $2,321,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of Eureka Acquisition during the first quarter valued at approximately $743,000.

About Eureka Acquisition

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.