Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.4% – Still a Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s stock price traded up 0.4% on Thursday . The company traded as high as $12.01 and last traded at $12.01. Approximately 3,763 shares were traded during mid-day trading, an increase of 402% from the average session volume of 749 shares. The stock had previously closed at $11.96.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Black Hawk Acquisition Price Performance

The stock’s 50-day moving average is $12.21 and its 200 day moving average is $11.83.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its earnings results on Wednesday, July 15th. The company reported $0.02 earnings per share for the quarter.

Hedge Funds Weigh In On Black Hawk Acquisition

Institutional investors have recently modified their holdings of the business. Meteora Capital LLC bought a new stake in Black Hawk Acquisition in the 3rd quarter valued at $1,111,000. Quarry LP bought a new position in Black Hawk Acquisition during the 3rd quarter worth about $112,000. Finally, Clear Street Group Inc. increased its holdings in Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock worth $664,000 after purchasing an additional 6,158 shares in the last quarter.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.