Armada Acquisition Corp. II (NASDAQ:XRPN) Announces Quarterly Earnings Results

Armada Acquisition Corp. II (NASDAQ:XRPN) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, FiscalAI reports.

Armada Acquisition Corp. II Price Performance

Armada Acquisition Corp. II stock opened at $10.43 on Thursday. The business’s fifty day moving average is $10.34. Armada Acquisition Corp. II has a fifty-two week low of $10.00 and a fifty-two week high of $10.91.

Hedge Funds Weigh In On Armada Acquisition Corp. II

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank purchased a new position in Armada Acquisition Corp. II during the fourth quarter worth $26,000. HRT Financial LP purchased a new position in Armada Acquisition Corp. II during the fourth quarter worth $112,000. Geode Capital Management LLC purchased a new position in Armada Acquisition Corp. II during the fourth quarter worth $155,000. Virtu Financial LLC purchased a new position in Armada Acquisition Corp. II during the fourth quarter worth $283,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Armada Acquisition Corp. II during the fourth quarter worth $513,000. Hedge funds and other institutional investors own 27.95% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on Armada Acquisition Corp. II in a research note on Monday, January 26th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Armada Acquisition Corp. II

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.