Twelve Seas Investment Company II (NASDAQ:TWLV) Announces Quarterly Earnings Results

Twelve Seas Investment Company II (NASDAQ:TWLV) announced its quarterly earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports.

Twelve Seas Investment Company II Stock Up 0.8%

Shares of TWLV stock traded up $0.08 during trading hours on Friday, reaching $10.00. The company had a trading volume of 1,039 shares, compared to its average volume of 2,264. Twelve Seas Investment Company II has a 12 month low of $9.84 and a 12 month high of $10.38. The business has a fifty day simple moving average of $9.92 and a 200-day simple moving average of $10.16.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Twelve Seas Investment Company II has an average rating of “Sell”.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.