Emmis Acquisition (NASDAQ:EMIS) Shares Down 0.1% – Should You Sell?

Emmis Acquisition Corp. (NASDAQ:EMIS) fell 0.1% during trading on Friday . The stock traded as low as $10.18 and last traded at $10.17. Approximately 15,575 shares traded hands during mid-day trading, The stock had previously closed at $10.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Emmis Acquisition in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Emmis Acquisition Price Performance

The business’s fifty day simple moving average is $10.13.

Institutional Investors Weigh In On Emmis Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Emmis Acquisition in the 4th quarter valued at approximately $178,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Emmis Acquisition during the 4th quarter valued at approximately $249,000. ABC Arbitrage SA purchased a new stake in shares of Emmis Acquisition during the 4th quarter valued at approximately $398,000. Boothbay Fund Management LLC acquired a new position in Emmis Acquisition in the fourth quarter valued at approximately $418,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Emmis Acquisition in the fourth quarter valued at approximately $597,000.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.